Brokerages Set Liberty Energy Inc. (NYSE:LBRT) Target Price at $22.30

Shares of Liberty Energy Inc. (NYSE:LBRT) have received an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $22.30.

Several brokerages recently commented on LBRT. Stifel Nicolaus upped their target price on Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, January 31st. Citigroup increased their price target on Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Seaport Res Ptn upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Royal Bank of Canada cut their price target on Liberty Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Finally, The Goldman Sachs Group assumed coverage on Liberty Energy in a report on Friday, December 13th. They set a “neutral” rating and a $19.00 price target on the stock.

Insider Buying and Selling

In related news, CEO Christopher A. Wright sold 2,936 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $19.16, for a total value of $56,253.76. Following the completion of the sale, the chief executive officer now directly owns 2,543,877 shares of the company’s stock, valued at approximately $48,740,683.32. This represents a 0.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Stock sold 10,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.94, for a total value of $179,400.00. Following the completion of the sale, the chief financial officer now directly owns 717,292 shares of the company’s stock, valued at $12,868,218.48. The trade was a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,936 shares of company stock worth $1,341,184 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Liberty Energy

A number of institutional investors and hedge funds have recently bought and sold shares of LBRT. Creative Planning increased its position in shares of Liberty Energy by 3.7% during the 3rd quarter. Creative Planning now owns 19,456 shares of the company’s stock valued at $371,000 after purchasing an additional 703 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Liberty Energy by 0.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company’s stock valued at $1,635,000 after purchasing an additional 708 shares during the last quarter. Xponance Inc. increased its position in shares of Liberty Energy by 7.0% during the 4th quarter. Xponance Inc. now owns 11,263 shares of the company’s stock valued at $224,000 after purchasing an additional 733 shares during the last quarter. Andina Capital Management LLC increased its position in shares of Liberty Energy by 4.4% during the 3rd quarter. Andina Capital Management LLC now owns 19,413 shares of the company’s stock valued at $371,000 after purchasing an additional 814 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of Liberty Energy by 96.8% during the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after purchasing an additional 838 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Stock Performance

Shares of LBRT stock opened at $17.29 on Monday. The business’s 50 day simple moving average is $19.53 and its 200 day simple moving average is $19.23. Liberty Energy has a one year low of $16.57 and a one year high of $24.75. The stock has a market capitalization of $2.80 billion, a PE ratio of 9.24 and a beta of 1.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. As a group, research analysts forecast that Liberty Energy will post 0.58 earnings per share for the current year.

Liberty Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy’s dividend payout ratio is currently 17.11%.

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.