Liberty Energy's (LBRT) "Hold (C-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Liberty Energy's stock rating has been reaffirmed as "hold (C-)" by Weiss Ratings, while other analysts have varied opinions, with Barclays rating it as "overweight" and reducing the price target from $16.00 to $14.00.
• The company reported a missed earnings estimate with an EPS of $0.12, falling short of the consensus estimate of $0.14, despite revenues of $1.04 billion surpassing expectations.
• Liberty Energy has a market capitalization of $2.10 billion and is currently holding an average rating of "Moderate Buy" with a consensus price target of $15.05.

Liberty Energy (NYSE:LBRT - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also recently weighed in on the company. Barclays cut their price target on Liberty Energy from $16.00 to $14.00 and set an "overweight" rating on the stock in a report on Tuesday, July 29th. Stifel Nicolaus cut their target price on 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 Liberty Energy from $14.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Finally, Wall Street Zen cut shares of Liberty Energy from a "hold" rating to a "sell" rating in a research note on Saturday, September 20th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.05.

Liberty Energy Price Performance

Shares of NYSE LBRT opened at $12.94 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 0.91. The firm has a market capitalization of $2.10 billion, a PE ratio of 9.95 and a beta of 0.74. Liberty Energy has a 1-year low of $9.50 and a 1-year high of $23.58. The business's fifty day moving average price is $11.45 and its two-hundred day moving average price is $12.03.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Liberty Energy had a return on equity of 6.01% and a net margin of 5.29%.The firm's revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS. On average, research analysts expect that Liberty Energy will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Liberty Energy

A number of institutional investors have recently added to or reduced their stakes in LBRT. Sourcerock Group LLC acquired a new stake in Liberty Energy in the second quarter worth approximately $23,653,000. Vanguard Group Inc. boosted its stake in shares of Liberty Energy by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 18,443,909 shares of the company's stock worth $291,967,000 after acquiring an additional 1,128,491 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Liberty Energy by 285.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 1,114,559 shares of the company's stock worth $12,795,000 after acquiring an additional 825,759 shares in the last quarter. Callodine Capital Management LP boosted its stake in shares of Liberty Energy by 203.3% during the 2nd quarter. Callodine Capital Management LP now owns 1,057,000 shares of the company's stock worth $12,134,000 after acquiring an additional 708,453 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Liberty Energy by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 6,093,383 shares of the company's stock worth $69,952,000 after acquiring an additional 584,774 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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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