Liberty Energy Inc. (NYSE:LBRT) Receives $19.27 Consensus Target Price from Brokerages

Shares of Liberty Energy Inc. (NYSE:LBRT) have received a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $19.2727.

A number of research firms recently issued reports on LBRT. Royal Bank Of Canada reissued a “sector perform” rating on shares of Liberty Energy in a research report on Thursday. Zacks Research upgraded Liberty Energy from a “strong sell” rating to a “hold” rating in a report on Monday, December 15th. Wall Street Zen cut Liberty Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Piper Sandler raised their price objective on shares of Liberty Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upgraded shares of Liberty Energy from a “neutral” rating to an “overweight” rating and set a $24.00 target price for the company in a research note on Wednesday, December 10th.

Institutional Investors Weigh In On Liberty Energy

A number of large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its position in shares of Liberty Energy by 2.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 22,583 shares of the company’s stock worth $417,000 after buying an additional 500 shares during the last quarter. Amalgamated Bank raised its stake in shares of Liberty Energy by 1.8% in the 3rd quarter. Amalgamated Bank now owns 46,915 shares of the company’s stock valued at $579,000 after acquiring an additional 819 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in Liberty Energy by 0.7% in the 2nd quarter. Apollon Wealth Management LLC now owns 126,088 shares of the company’s stock worth $1,447,000 after purchasing an additional 829 shares during the last quarter. California State Teachers Retirement System boosted its position in Liberty Energy by 0.7% during the second quarter. California State Teachers Retirement System now owns 145,252 shares of the company’s stock worth $1,667,000 after purchasing an additional 1,012 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Liberty Energy by 15.8% during the third quarter. PNC Financial Services Group Inc. now owns 7,510 shares of the company’s stock worth $93,000 after purchasing an additional 1,025 shares during the period. 98.22% of the stock is currently owned by institutional investors.

Liberty Energy Stock Down 1.3%

Liberty Energy stock opened at $20.19 on Thursday. Liberty Energy has a twelve month low of $9.50 and a twelve month high of $23.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.32. The firm has a market cap of $3.27 billion, a PE ratio of 18.03 and a beta of 0.45. The firm’s 50 day moving average price is $18.32 and its two-hundred day moving average price is $14.62.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Thursday, October 16th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Liberty Energy had a net margin of 4.76% and a return on equity of 1.69%. The company had revenue of $947.40 million for the quarter, compared to analyst estimates of $967.05 million. During the same period last year, the business earned $0.45 EPS. The company’s quarterly revenue was down 16.8% on a year-over-year basis. On average, research analysts predict that Liberty Energy will post 0.58 EPS for the current fiscal year.

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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.