Liberty Energy (NYSE:LBRT) PT Lowered to $25.00

Liberty Energy (NYSE:LBRT) had its price objective dropped by equities researchers at Stifel Nicolaus from $26.00 to $25.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 39.51% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Bank of America dropped their price objective on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Royal Bank of Canada decreased their target price on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday. TD Cowen decreased their target price on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Barclays decreased their target price on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Piper Sandler decreased their target price on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Five research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $22.70.

Liberty Energy Price Performance

Shares of NYSE LBRT traded down $0.38 during mid-day trading on Friday, reaching $17.92. 549,336 shares of the company were exchanged, compared to its average volume of 2,485,713. Liberty Energy has a 52 week low of $16.69 and a 52 week high of $24.75. The company has a quick ratio of 1.07, a current ratio of 1.35 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.99 billion, a PE ratio of 6.54, a PEG ratio of 1.20 and a beta of 1.68. The company’s 50 day moving average price is $20.08 and its 200 day moving average price is $21.34.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). Liberty Energy had a return on equity of 22.85% and a net margin of 9.53%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. Sell-side analysts forecast that Liberty Energy will post 2.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $20.01, for a total value of $300,150.00. Following the transaction, the chief financial officer now owns 750,207 shares in the company, valued at approximately $15,011,642.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $19.77, for a total transaction of $395,400.00. Following the sale, the chief executive officer now owns 2,638,813 shares of the company’s stock, valued at approximately $52,169,333.01. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Stock sold 15,000 shares of Liberty Energy stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $20.01, for a total transaction of $300,150.00. Following the sale, the chief financial officer now directly owns 750,207 shares in the company, valued at $15,011,642.07. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,000 shares of company stock worth $1,945,650. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liberty Energy

Large investors have recently modified their holdings of the stock. EdgeRock Capital LLC bought a new stake in shares of Liberty Energy during the 2nd quarter valued at about $32,000. GAMMA Investing LLC boosted its stake in shares of Liberty Energy by 69.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock valued at $36,000 after purchasing an additional 713 shares in the last quarter. nVerses Capital LLC boosted its stake in Liberty Energy by 45.0% during the second quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock worth $61,000 after acquiring an additional 900 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Liberty Energy by 27.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock worth $59,000 after acquiring an additional 709 shares in the last quarter. Finally, CWM LLC boosted its stake in Liberty Energy by 43.3% during the second quarter. CWM LLC now owns 6,213 shares of the company’s stock worth $130,000 after acquiring an additional 1,876 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

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.