Liberty Energy (NYSE:LBRT) Given New $13.00 Price Target at TD Cowen

Liberty Energy (NYSE:LBRT - Get Free Report) had its price objective boosted by investment analysts at TD Cowen from $10.00 to $13.00 in a research report issued to clients and investors on Monday, Marketbeat reports. The firm currently has a "hold" rating on the stock. TD Cowen's target price indicates a potential upside of 6.73% from the stock's current price.

Other analysts also recently issued research reports about the company. Stifel Nicolaus lowered their price objective on Liberty Energy from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada cut shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $24.00 to $19.00 in a research report on Monday, March 24th. Morgan Stanley upgraded shares of Liberty Energy from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $20.00 to $25.00 in a report on Thursday, March 27th. Barclays cut their target price on Liberty Energy from $21.00 to $17.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group lowered their price target on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Liberty Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.05.

Liberty Energy Trading Up 0.1 %

Shares of LBRT traded up $0.01 during mid-day trading on Monday, reaching $12.18. The company's stock had a trading volume of 1,879,402 shares, compared to its average volume of 2,740,832. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. Liberty Energy has a 52 week low of $9.50 and a 52 week high of $24.75. The company's fifty day moving average price is $14.13 and its two-hundred day moving average price is $17.30. The stock has a market cap of $1.97 billion, a PE ratio of 6.51 and a beta of 1.18.

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 (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $977.46 million during the quarter, compared to analyst estimates of $960.64 million. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. During the same period in the prior year, the business posted $0.48 earnings per share. On average, analysts predict that Liberty Energy will post 0.58 earnings per share for the current fiscal year.

Insider Transactions at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.94, for a total value of $179,400.00. Following the sale, the chief financial officer now directly owns 717,292 shares of the company's stock, valued at approximately $12,868,218.48. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Liberty Energy

Several large investors have recently modified their holdings of LBRT. Blue Trust Inc. grew its holdings in shares of Liberty Energy by 604.9% during the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock valued at $47,000 after buying an additional 2,111 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Liberty Energy by 257.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock valued at $47,000 after purchasing an additional 1,583 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Liberty Energy in the 4th quarter worth $60,000. Smartleaf Asset Management LLC raised its stake in shares of Liberty Energy by 176.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock worth $67,000 after purchasing an additional 2,184 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of Liberty Energy during the fourth quarter valued at $99,000. 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.