Liberty Energy (NYSE:LBRT) Price Target Lowered to $23.00 at Stifel Nicolaus

Liberty Energy (NYSE:LBRT - Free Report) had its price objective reduced by Stifel Nicolaus from $25.00 to $23.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on LBRT. Barclays decreased their target price on Liberty Energy from $21.00 to $17.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley upgraded shares of Liberty Energy from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $20.00 to $25.00 in a research report on Thursday, March 27th. Wells Fargo & Company reiterated an "equal weight" rating and set a $11.00 target price (down from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. Citigroup increased their price target on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group lowered their price objective on shares of Liberty Energy from $19.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Liberty Energy currently has an average rating of "Moderate Buy" and a consensus target price of $19.40.

Liberty Energy Stock Performance

Shares of NYSE LBRT traded up $0.62 during mid-day trading on Tuesday, hitting $12.05. The company had a trading volume of 5,368,809 shares, compared to its average volume of 2,732,939. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. Liberty Energy has a 1 year low of $9.50 and a 1 year high of $24.75. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 6.44 and a beta of 1.18. The stock's 50-day moving average price is $14.70 and its 200-day moving average price is $17.57.

Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The firm had revenue of $977.46 million for the quarter, compared to the consensus estimate of $960.64 million. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. During the same period in the prior year, the firm posted $0.48 earnings per share. On average, sell-side analysts forecast that Liberty Energy will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, June 6th. Liberty Energy's dividend payout ratio (DPR) is 21.19%.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.94, for a total transaction of $179,400.00. Following the completion of the transaction, the chief financial officer now owns 717,292 shares of the company's stock, valued at $12,868,218.48. This represents a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liberty Energy

Several large investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its position in Liberty Energy by 10.8% in the fourth quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock worth $102,992,000 after buying an additional 505,634 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Liberty Energy by 83.5% during the 4th quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company's stock worth $96,043,000 after acquiring an additional 2,197,352 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Liberty Energy by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,779,906 shares of the company's stock valued at $72,173,000 after acquiring an additional 207,527 shares during the period. JPMorgan Chase & Co. increased its stake in Liberty Energy by 61.2% in the third quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company's stock worth $60,061,000 after purchasing an additional 1,193,918 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Liberty Energy by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,433,866 shares of the company's stock worth $48,410,000 after purchasing an additional 196,619 shares during the last quarter. Institutional investors own 98.22% of the company's stock.

Liberty Energy Company Profile

Liberty Energy Inc provides hydraulic services and related technologies to onshore oil and natural gas exploration, and production companies in North America. The company offers hydraulic fracturing services, including complementary services, such as wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods comprising sand mine operations, and technologies; and well site fueling and logistics.