Liberty Energy (NYSE:LBRT) Trading 3.9% Higher - Should You Buy?

Liberty Energy Inc. (NYSE:LBRT - Get Free Report)'s stock price traded up 3.9% on Friday . The company traded as high as $13.60 and last traded at $13.58. 574,932 shares were traded during trading, a decline of 80% from the average session volume of 2,826,309 shares. The stock had previously closed at $13.07.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays decreased their target price on shares of Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Cowen reaffirmed a "hold" rating on shares of Liberty Energy in a research report on Monday, April 21st. Morgan Stanley dropped their price objective on Liberty Energy from $25.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Wells Fargo & Company boosted their target price on Liberty Energy from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th. Finally, TD Cowen raised their price target on Liberty Energy from $10.00 to $13.00 and gave the stock a "hold" rating in a research note on Monday, April 21st. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.23.

Liberty Energy Trading Up 4.9%

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 capitalization of $2.22 billion, a PE ratio of 7.33 and a beta of 0.68. The stock has a 50 day moving average price of $11.94 and a 200-day moving average price of $15.84.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly 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 return on equity of 14.28% and a net margin of 7.32%. The business 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 company posted $0.48 EPS. Sell-side analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 2.33%. Liberty Energy's payout ratio is presently 21.19%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LBRT. Vanguard Group Inc. raised its holdings in Liberty Energy by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 18,443,909 shares of the company's stock worth $291,967,000 after purchasing an additional 1,128,491 shares during the period. American Century Companies Inc. raised its stake in shares of Liberty Energy by 6.4% in the first quarter. American Century Companies Inc. now owns 5,508,609 shares of the company's stock worth $87,201,000 after buying an additional 330,520 shares during the period. Franklin Resources Inc. raised its stake in shares of Liberty Energy by 83.5% in the fourth quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company's stock worth $96,043,000 after buying an additional 2,197,352 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Liberty Energy by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,507,658 shares of the company's stock valued at $39,696,000 after buying an additional 73,792 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Liberty Energy by 13.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,438,018 shares of the company's stock valued at $38,593,000 after acquiring an additional 290,320 shares during the period. Hedge funds and other institutional investors 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.