Liberty Energy Inc. (NYSE:LBRT) Receives $32.18 Average Target Price from Brokerages

Liberty Energy Inc. (NYSE:LBRT) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $32.1818.

Several equities research analysts recently commented on LBRT shares. Stifel Nicolaus increased their price objective on Liberty Energy from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Barclays increased their price objective on Liberty Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Piper Sandler increased their price objective on Liberty Energy from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. UBS Group reaffirmed a “buy” rating on shares of Liberty Energy in a research report on Tuesday, May 26th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $31.00 target price on shares of Liberty Energy in a report on Wednesday, June 3rd.

Liberty Energy Price Performance

Shares of NYSE:LBRT opened at $27.15 on Friday. Liberty Energy has a 1-year low of $9.90 and a 1-year high of $34.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.97. The business has a fifty day moving average price of $30.39 and a 200-day moving average price of $26.13. The company has a market capitalization of $4.43 billion, a PE ratio of 29.84, a PEG ratio of 2.32 and a beta of 0.51.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.19. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $954.71 million. During the same period last year, the firm posted $0.04 earnings per share. Liberty Energy’s revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts expect that Liberty Energy will post 0.25 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. Liberty Energy’s dividend payout ratio is currently 39.56%.

Insider Transactions at Liberty Energy

In other Liberty Energy news, Chairman William F. Kimble sold 7,350 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $33.92, for a total value of $249,312.00. Following the transaction, the chairman directly owned 89,805 shares in the company, valued at approximately $3,046,185.60. This trade represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Stock sold 19,998 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $33.48, for a total transaction of $669,533.04. Following the completion of the transaction, the chief financial officer owned 800,375 shares in the company, valued at $26,796,555. The trade was a 2.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 44,013 shares of company stock worth $1,414,929. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Liberty Energy by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 18,096,443 shares of the company’s stock worth $334,060,000 after buying an additional 97,998 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Liberty Energy by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 9,233,668 shares of the company’s stock worth $265,931,000 after buying an additional 431,269 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of 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 in the last quarter. American Century Companies Inc. grew its position in Liberty Energy by 28.2% in the third quarter. American Century Companies Inc. now owns 7,809,390 shares of the company’s stock worth $96,368,000 after acquiring an additional 1,716,007 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Liberty Energy by 901.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,431,125 shares of the company’s stock worth $127,616,000 after acquiring an additional 3,988,535 shares in the last quarter. Hedge funds and other 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. 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.