Liberty Energy (NYSE:LBRT) PT Raised to $26.00 at Wells Fargo & Company

Liberty Energy (NYSE:LBRT) had its target price upped by Wells Fargo & Company from $24.00 to $26.00 in a research note released on Friday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

LBRT has been the subject of several other reports. TD Cowen increased their price objective on shares of Liberty Energy from $19.00 to $21.00 and gave the stock a hold rating in a research report on Friday. Morgan Stanley raised their price target on shares of Liberty Energy from $23.00 to $24.00 and gave the stock an equal weight rating in a report on Monday, January 29th. Piper Sandler raised their price target on shares of Liberty Energy from $27.00 to $28.00 and gave the stock an overweight rating in a report on Friday, January 26th. Finally, Bank of America raised their price target on shares of Liberty Energy from $20.00 to $23.00 and gave the stock a neutral rating in a report on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $24.30.

Liberty Energy Trading Down 1.2 %

LBRT opened at $22.12 on Friday. Liberty Energy has a twelve month low of $11.62 and a twelve month high of $23.31. The company has a quick ratio of 1.16, a current ratio of 1.48 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $21.20 and a 200-day moving average of $19.71. The stock has a market cap of $3.69 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.11 and a beta of 1.85.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Thursday, April 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company earned $0.90 earnings per share. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. On average, sell-side analysts predict that Liberty Energy will post 2.58 EPS for the current year.

Liberty Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Wednesday, June 5th. Liberty Energy’s dividend payout ratio (DPR) is 10.22%.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, insider R Sean Elliott sold 20,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total value of $410,000.00. Following the transaction, the insider now directly owns 218,530 shares of the company’s stock, valued at $4,479,865. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider R Sean Elliott sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. Following the transaction, the insider now directly owns 218,530 shares of the company’s stock, valued at $4,479,865. 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 the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $21.55, for a total transaction of $268,491.45. Following the transaction, the director now directly owns 69,963 shares in the company, valued at $1,507,702.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,459 shares of company stock valued at $2,077,491. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Diversified Trust Co raised its position in Liberty Energy by 2.5% in the first 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. Sequoia Financial Advisors LLC increased its stake in shares of Liberty Energy by 3.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 17,902 shares of the company’s stock worth $325,000 after purchasing an additional 621 shares in the last quarter. Advisor Partners II LLC increased its stake in shares of Liberty Energy by 3.8% in the third quarter. Advisor Partners II LLC now owns 18,974 shares of the company’s stock worth $351,000 after purchasing an additional 689 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Liberty Energy by 27.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock worth $59,000 after purchasing an additional 709 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of Liberty Energy by 2.0% in the third quarter. Los Angeles Capital Management LLC now owns 42,192 shares of the company’s stock worth $781,000 after purchasing an additional 836 shares in the last quarter. 98.22% of the stock is owned by institutional investors.

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.