Liberty Energy (NYSE:LBRT) Raised to Hold at Wall Street Zen

Key Points

• Liberty Energy has been upgraded by Wall Street Zen from a "sell" to a "hold" rating, reflecting a more favorable outlook.
• Despite a recent earnings report that missed estimates, institutional investors are actively acquiring shares, with 98.22% of the company's stock owned by them.
• Several analysts have adjusted their price targets for Liberty Energy, resulting in an average target of $15.05, indicating a general sentiment of "Moderate Buy" for the stock.

Liberty Energy (NYSE:LBRT - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

A number of other research analysts have also commented on LBRT. Weiss Ratings reiterated a "hold (c-)" rating on shares of Liberty Energy in a research note on Wednesday. Stifel Nicolaus decreased their price target on shares of Liberty Energy from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Monday, July 28th. Piper Sandler decreased their price target on shares of Liberty Energy from $14.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Finally, Barclays decreased their price target on shares of Liberty Energy from $16.00 to $14.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $15.05.

Liberty Energy Stock Down 4.0%

Shares of LBRT stock opened at $12.06 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.16. The firm's 50-day moving average is $11.47 and its 200-day moving average is $11.99. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 9.27 and a beta of 0.74. Liberty Energy has a 52-week low of $9.50 and a 52-week high of $23.58.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.02). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Liberty Energy had a net margin of 5.29% and a return on equity of 6.01%. The firm's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 earnings per share. Sell-side analysts predict that Liberty Energy will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Shields Capital Management LLC acquired a new position in shares of Liberty Energy during the 2nd quarter worth approximately $29,000. Smartleaf Asset Management LLC grew its position in shares of Liberty Energy by 213.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,607 shares of the company's stock worth $42,000 after purchasing an additional 2,457 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Liberty Energy during the 2nd quarter worth approximately $48,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Liberty Energy during the 1st quarter worth approximately $50,000. Finally, GAMMA Investing LLC grew its position in shares of Liberty Energy by 281.1% during the 2nd quarter. GAMMA Investing LLC now owns 4,329 shares of the company's stock worth $50,000 after purchasing an additional 3,193 shares in the last quarter. Institutional investors and hedge funds 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.

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