Liberty Energy (NYSE:LBRT) Shares Down 5.1% - Should You Sell?

Shares of Liberty Energy Inc. (NYSE:LBRT - Get Free Report) were down 5.1% during trading on Tuesday . The company traded as low as $11.75 and last traded at $11.63. Approximately 306,201 shares traded hands during trading, a decline of 89% from the average daily volume of 2,851,667 shares. The stock had previously closed at $12.26.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LBRT shares. The Goldman Sachs Group lowered their target price on shares of Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Cowen restated a "hold" rating on shares of Liberty Energy in a research note on Monday, April 21st. Morgan Stanley decreased their price objective on shares of Liberty Energy from $25.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Barclays decreased their price objective on shares of Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Liberty Energy from $16.00 to $13.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Liberty Energy has a consensus rating of "Moderate Buy" and a consensus target price of $16.23.

Liberty Energy Stock Performance

The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.83 billion, a PE ratio of 7.49 and a beta of 0.66. The stock's fifty day simple moving average is $12.21 and its 200-day simple moving average is $14.95.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Liberty Energy had a net margin of 6.03% and a return on equity of 10.30%. The company had revenue of $977.46 million during the quarter, compared to analysts' expectations of $960.64 million. During the same period last year, the company posted $0.48 earnings per share. On average, research analysts predict that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LBRT. Proficio Capital Partners LLC purchased a new position in shares of Liberty Energy during the 4th quarter worth approximately $203,000. Raymond James Financial Inc. acquired a new stake in Liberty Energy during the fourth quarter worth approximately $6,792,000. HighTower Advisors LLC boosted its position in Liberty Energy by 10.2% during the fourth quarter. HighTower Advisors LLC now owns 27,683 shares of the company's stock worth $551,000 after acquiring an additional 2,568 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Liberty Energy by 9.7% during the fourth quarter. Farther Finance Advisors LLC now owns 24,810 shares of the company's stock worth $493,000 after acquiring an additional 2,197 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Liberty Energy by 15.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,359 shares of the company's stock worth $465,000 after acquiring an additional 3,058 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other 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.

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