Liberty Energy Inc. (NYSE:LBRT - Get Free Report) fell 4% on Thursday . The stock traded as low as $12.74 and last traded at $12.83. 121,064 shares were traded during trading, a decline of 96% from the average session volume of 2,820,746 shares. The stock had previously closed at $13.37.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on LBRT. Barclays lowered their price target on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. TD Cowen raised their target price on Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a research report on Monday, April 21st. Stifel Nicolaus cut their target price on Liberty Energy from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Cowen reissued a "hold" rating on shares of Liberty Energy in a research note on Monday, April 21st. Finally, The Goldman Sachs Group reduced their target price on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Eight investment 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.23.
Get Our Latest Report on LBRT
Liberty Energy Stock Performance
The stock's 50-day simple moving average is $11.86 and its 200-day simple moving average is $15.87. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 6.99 and a beta of 0.68.
Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. The firm had revenue of $977.46 million during the quarter, compared to the consensus estimate of $960.64 million. During the same period in the previous year, the firm posted $0.48 earnings per share. Analysts forecast that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.
Liberty Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Friday, June 6th. Liberty Energy's payout ratio is 21.19%.
Institutional Investors Weigh In On Liberty Energy
Several institutional investors have recently added to or reduced their stakes in LBRT. Strs Ohio purchased a new position in Liberty Energy in the first quarter worth about $943,000. Intech Investment Management LLC raised its stake in Liberty Energy by 22.0% during the first quarter. Intech Investment Management LLC now owns 81,446 shares of the company's stock valued at $1,289,000 after purchasing an additional 14,663 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Liberty Energy by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 868,978 shares of the company's stock valued at $13,756,000 after acquiring an additional 4,955 shares during the period. NewEdge Advisors LLC raised its stake in shares of Liberty Energy by 1,992.2% in the first quarter. NewEdge Advisors LLC now owns 12,030 shares of the company's stock valued at $190,000 after acquiring an additional 11,455 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Liberty Energy by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,205 shares of the company's stock worth $1,491,000 after buying an additional 4,095 shares during the period. Hedge funds and other institutional investors own 98.22% of the company's stock.
About Liberty Energy
(
Get Free Report)
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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