Liberty Energy (NYSE:LBRT) Price Target Raised to $37.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised its price target on Liberty Energy to $37.00 (from $28.00) and reiterated a buy rating, implying about a 14.9% upside from the current price.
• Liberty Energy recently beat estimates with Q results showing $0.06 EPS vs. -$0.13 expected and revenue of $1.02 billion versus $954.7 million, with revenue up 4.5% year‑over‑year.
• Analyst coverage is mixed — seven Buys and seven Holds — giving a MarketBeat consensus of "Moderate Buy" and a consensus price target of $27.58, well below Stifel's new target.

Liberty Energy (NYSE:LBRT - Get Free Report) had its target price lifted by Stifel Nicolaus from $28.00 to $37.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 14.87% from the company's current price.

A number of other equities analysts have also commented on LBRT. Weiss Ratings reissued a "hold (c-)" rating on shares of Liberty Energy in a research note on Monday, December 29th. Bank of America upgraded Liberty Energy from a "neutral" rating to a "buy" rating and set a $31.00 target price for the company in a research note on Tuesday, February 17th. Wall Street Zen raised Liberty Energy from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. UBS Group reissued a "buy" rating and set a $34.00 price objective on shares of Liberty Energy in a report on Friday, January 30th. Finally, Citigroup raised their price objective on shares of Liberty Energy from $21.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.58.

Liberty Energy Stock Up 9.5%

NYSE:LBRT opened at $32.21 on Friday. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 35.40 and a beta of 0.48. The business's fifty day moving average price is $28.41 and its 200 day moving average price is $21.97. The company has a current ratio of 1.22, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. Liberty Energy has a 1-year low of $9.90 and a 1-year high of $32.40.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.19. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $954.71 million. Liberty Energy had a net margin of 3.71% and a return on equity of 1.39%. Liberty Energy's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share. On average, sell-side analysts forecast that Liberty Energy will post -0.38 earnings per share for the current fiscal year.

Insider Transactions at Liberty Energy

In other news, CFO Michael Stock sold 25,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $25.38, for a total transaction of $634,500.00. Following the transaction, the chief financial officer owned 784,819 shares of the company's stock, valued at approximately $19,918,706.22. This represents a 3.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arjun N. Murti bought 9,696 shares of the firm's stock in a transaction on Tuesday, February 17th. The shares were bought at an average cost of $25.79 per share, with a total value of $250,059.84. Following the transaction, the director directly owned 27,568 shares of the company's stock, valued at approximately $710,978.72. This trade represents a 54.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 2.00% of the company's stock.

Institutional Trading of Liberty Energy

Several large investors have recently modified their holdings of LBRT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Liberty Energy by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,205 shares of the company's stock worth $1,491,000 after acquiring an additional 4,095 shares in the last quarter. NewEdge Advisors LLC raised its position in Liberty Energy by 1,992.2% during the first quarter. NewEdge Advisors LLC now owns 12,030 shares of the company's stock worth $190,000 after acquiring an additional 11,455 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Liberty Energy by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 868,978 shares of the company's stock worth $13,756,000 after buying an additional 4,955 shares during the last quarter. Intech Investment Management LLC raised its stake in Liberty Energy by 22.0% in the 1st quarter. Intech Investment Management LLC now owns 81,446 shares of the company's stock valued at $1,289,000 after acquiring an additional 14,663 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Liberty Energy in the second quarter valued at about $119,000. 98.22% of the stock is owned by institutional investors.

About Liberty Energy

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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.

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