Liberty Energy (NYSE:LBRT - Get Free Report) had its target price upped by investment analysts at Wells Fargo & Company from $11.00 to $12.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target indicates a potential upside of 0.71% from the company's previous close.
Other analysts have also recently issued reports about the company. Barclays lowered their price target on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Citigroup cut their price objective on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus cut their price target on Liberty Energy from $23.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. TD Cowen raised their price target on Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a report on Monday, April 21st. Finally, Cowen reiterated a "hold" rating on shares of Liberty Energy in a research report on Monday, April 21st. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $17.23.
Get Our Latest Stock Analysis on LBRT
Liberty Energy Price Performance
NYSE LBRT traded down $0.14 on Thursday, hitting $11.92. 3,279,332 shares of the company were exchanged, compared to its average volume of 2,805,217. The firm has a 50 day moving average of $11.91 and a two-hundred day moving average of $16.06. The company has a market cap of $1.93 billion, a P/E ratio of 6.37 and a beta of 0.71. 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 1-year low of $9.50 and a 1-year high of $24.43.
Liberty Energy (NYSE:LBRT - Get Free Report) last released its 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 net margin of 7.32% and a return on equity of 14.28%. The company had revenue of $977.46 million for the quarter, compared to the consensus estimate of $960.64 million. During the same period in the prior year, the company posted $0.48 EPS. On average, equities analysts predict that Liberty Energy will post 0.58 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Xponance Inc. grew its holdings in shares of Liberty Energy by 7.0% during the fourth quarter. Xponance Inc. now owns 11,263 shares of the company's stock worth $224,000 after purchasing an additional 733 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Liberty Energy by 1.5% in the first quarter. Yousif Capital Management LLC now owns 62,536 shares of the company's stock valued at $990,000 after buying an additional 914 shares during the period. Cooper Financial Group lifted its stake in Liberty Energy by 10.9% in the first quarter. Cooper Financial Group now owns 11,641 shares of the company's stock valued at $184,000 after buying an additional 1,145 shares during the period. Empirical Finance LLC lifted its stake in Liberty Energy by 2.2% in the fourth quarter. Empirical Finance LLC now owns 54,149 shares of the company's stock valued at $1,077,000 after buying an additional 1,185 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Liberty Energy by 45.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,465 shares of the company's stock valued at $71,000 after buying an additional 1,392 shares during the period. 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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