Liberty Energy Inc. (NYSE:LBRT - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $23.72 and last traded at $23.72, with a volume of 194 shares trading hands. The stock had previously closed at $23.68.
Analysts Set New Price Targets
LBRT has been the subject of a number of research reports. Barclays increased their price target on Liberty Energy from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday, April 19th. Royal Bank of Canada raised their price objective on Liberty Energy from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Friday, April 19th. TD Cowen raised their price objective on Liberty Energy from $19.00 to $21.00 and gave the company a "hold" rating in a research note on Friday, April 19th. Wells Fargo & Company raised their price objective on Liberty Energy from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Friday, April 19th. Finally, Bank of America raised their price objective on Liberty Energy from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, April 15th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.30.
Get Our Latest Stock Report on Liberty Energy
Liberty Energy Price Performance
The firm has a fifty day simple moving average of $21.87 and a 200 day simple moving average of $20.19. The company has a market capitalization of $3.99 billion, a PE ratio of 8.74, a P/E/G ratio of 1.21 and a beta of 1.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.48.
Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings data on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.08 billion. Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The company's revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 earnings per share. Equities analysts anticipate that Liberty Energy Inc. will post 2.51 EPS for the current year.
Liberty Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a $0.07 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.17%. Liberty Energy's dividend payout ratio is presently 10.22%.
Insider Activity
In other news, Director William F. Kimble sold 12,459 shares of Liberty Energy stock in a transaction on Friday, March 8th. The stock was sold at an average price of $21.55, for a total value of $268,491.45. Following the transaction, the director now directly owns 69,963 shares in the company, valued at approximately $1,507,702.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Ryan T. Gosney sold 2,000 shares of the firm's stock in a transaction on Friday, May 17th. The stock was sold at an average price of $23.50, for a total value of $47,000.00. Following the completion of the sale, the chief accounting officer now owns 170,882 shares of the company's stock, valued at approximately $4,015,727. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William F. Kimble sold 12,459 shares of Liberty Energy stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $21.55, for a total value of $268,491.45. Following the sale, the director now directly owns 69,963 shares of the company's stock, valued at approximately $1,507,702.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 188,459 shares of company stock worth $4,168,391. 3.70% of the stock is currently owned by company insiders.
Institutional Trading of Liberty Energy
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co lifted its position in Liberty Energy by 2.5% during the 1st quarter. Diversified Trust Co now owns 20,617 shares of the company's stock worth $427,000 after acquiring an additional 507 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Liberty Energy by 4.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,262 shares of the company's stock worth $296,000 after acquiring an additional 543 shares during the period. Perigon Wealth Management LLC lifted its position in Liberty Energy by 2.4% during the 1st quarter. Perigon Wealth Management LLC now owns 24,815 shares of the company's stock worth $514,000 after acquiring an additional 571 shares during the period. Sequoia Financial Advisors LLC lifted its position in Liberty Energy by 3.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 17,902 shares of the company's stock worth $325,000 after acquiring an additional 621 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Energy by 27.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company's stock valued at $59,000 after buying an additional 709 shares during the period. Institutional investors and hedge funds own 98.22% of the company's stock.
Liberty Energy Company Profile
(
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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