Liberty Energy (NYSE:LBRT) Shares Down 6.5% - What's Next?

Liberty Energy Inc. (NYSE:LBRT - Get Free Report) shares traded down 6.5% on Monday . The stock traded as low as $12.14 and last traded at $12.13. 1,602,911 shares changed hands during trading, a decline of 43% from the average session volume of 2,818,006 shares. The stock had previously closed at $12.98.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LBRT shares. Royal Bank Of Canada lowered shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $24.00 to $19.00 in a research report on Monday, March 24th. Cowen reissued a "hold" rating on shares of Liberty Energy in a research report on Monday, April 21st. TD Cowen raised their price objective on Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a report on Monday, April 21st. Wells Fargo & Company upped their target price on Liberty Energy from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Finally, Barclays cut their price objective on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Liberty Energy has a consensus rating of "Moderate Buy" and an average price target of $17.23.

Liberty Energy Trading Down 7.6%

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 0.91. The business's 50-day moving average is $12.16 and its 200 day moving average is $15.62. The firm has a market capitalization of $1.94 billion, a P/E ratio of 7.94 and a beta of 0.68.

Liberty Energy (NYSE:LBRT - Get Free Report) last announced its 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 analyst estimates of $960.64 million. Liberty Energy had a net margin of 6.03% and a return on equity of 10.30%. During the same quarter in the prior year, the business posted $0.48 EPS. As a group, analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.67%. Liberty Energy's payout ratio is 21.19%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Liberty Energy by 604.9% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock valued at $47,000 after purchasing an additional 2,111 shares during the last quarter. Principal Securities Inc. lifted its stake in Liberty Energy by 13.7% in the 4th quarter. Principal Securities Inc. now owns 15,334 shares of the company's stock valued at $305,000 after purchasing an additional 1,849 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Liberty Energy by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 897,040 shares of the company's stock worth $17,842,000 after buying an additional 24,825 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Liberty Energy by 6.9% in the 4th quarter. Sanctuary Advisors LLC now owns 33,216 shares of the company's stock valued at $637,000 after acquiring an additional 2,139 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in Liberty Energy during the 4th quarter worth $200,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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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