Liberty Energy (NYSE:LBRT) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Liberty Energy (NYSE:LBRT) had its price target increased by investment analysts at The Goldman Sachs Group from $26.00 to $30.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 7.41% from the company’s current price.

Several other equities research analysts have also commented on LBRT. Morgan Stanley raised their price target on shares of Liberty Energy from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Bank of America raised Liberty Energy from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Tuesday, February 17th. Barclays raised their target price on Liberty Energy from $17.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 3rd. Piper Sandler upgraded Liberty Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $17.00 to $32.00 in a research report on Monday, February 2nd. Finally, UBS Group reissued a “buy” rating and issued a $34.00 price target on shares of Liberty Energy in a research note on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.42.

Liberty Energy Stock Performance

LBRT stock traded up $0.10 during mid-day trading on Wednesday, reaching $27.93. The company had a trading volume of 575,380 shares, compared to its average volume of 4,453,895. Liberty Energy has a one year low of $9.50 and a one year high of $28.94. The stock has a market capitalization of $4.53 billion, a P/E ratio of 31.38 and a beta of 0.48. The company has a quick ratio of 0.96, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $22.83 and its two-hundred day simple moving average is $17.57.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.21. Liberty Energy had a net margin of 3.69% and a return on equity of 1.24%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $880.59 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. Research analysts anticipate that Liberty Energy will post 0.58 EPS for the current year.

Insider Transactions at Liberty Energy

In related news, insider R Sean Elliott sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $25.40, for a total transaction of $635,000.00. Following the completion of the transaction, the insider owned 343,150 shares of the company’s stock, valued at $8,716,010. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Arjun N. Murti bought 9,696 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average cost of $25.79 per share, for a total transaction of $250,059.84. Following the completion of the acquisition, the director owned 27,568 shares of the company’s stock, valued at $710,978.72. This trade represents a 54.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Liberty Energy

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Liberty Energy by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 18,096,443 shares of the company’s stock worth $334,060,000 after purchasing an additional 97,998 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Liberty Energy by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,802,399 shares of the company’s stock worth $162,494,000 after buying an additional 189,829 shares in the last quarter. Franklin Resources Inc. grew its position in Liberty Energy by 78.5% in the third quarter. Franklin Resources Inc. now owns 8,575,840 shares of the company’s stock worth $105,826,000 after buying an additional 3,771,724 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Liberty Energy by 28.2% in the third quarter. American Century Companies Inc. now owns 7,809,390 shares of the company’s stock valued at $96,368,000 after buying an additional 1,716,007 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Liberty Energy by 184.7% in the fourth quarter. Millennium Management LLC now owns 3,287,466 shares of the company’s stock valued at $60,687,000 after buying an additional 2,132,685 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

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.