Liberty Energy (NYSE:LBRT) PT Raised to $27.00 at Barclays

Liberty Energy (NYSE:LBRT) had its price target lifted by Barclays from $25.00 to $27.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also recently commented on LBRT. Wells Fargo & Company boosted their target price on shares of Liberty Energy from $24.00 to $26.00 and gave the company an overweight rating in a research report on Friday. Bank of America upped their price objective on shares of Liberty Energy from $20.00 to $23.00 and gave the stock a neutral rating in a research report on Monday, April 15th. TD Cowen upped 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 upped their price objective on shares of Liberty Energy from $23.00 to $24.00 and gave the stock an equal weight rating in a research report on Monday, January 29th. Finally, Piper Sandler upped their price objective on shares of Liberty Energy from $27.00 to $28.00 and gave the stock an overweight rating in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Liberty Energy currently has an average rating of Moderate Buy and an average price target of $24.30.

Liberty Energy Price Performance

Shares of NYSE:LBRT opened at $22.37 on Friday. The firm has a 50 day moving average of $21.20 and a 200-day moving average of $19.68. The stock has a market capitalization of $3.73 billion, a PE ratio of 8.16, a PEG ratio of 1.08 and a beta of 1.85. The company has a current ratio of 1.48, a quick ratio of 1.17 and a debt-to-equity ratio of 0.09. Liberty Energy has a 12 month low of $11.62 and a 12 month high of $23.31.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. Liberty Energy’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 earnings per share. On average, equities research analysts predict that Liberty Energy will post 2.61 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Wednesday, June 5th. Liberty Energy’s payout ratio is 10.22%.

Insiders Place Their Bets

In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $22.66, for a total transaction of $453,200.00. Following the sale, the chief executive officer now directly owns 2,858,814 shares of the company’s stock, valued at approximately $64,780,725.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Christopher A. Wright sold 20,000 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $22.66, for a total value of $453,200.00. Following the sale, the chief executive officer now directly owns 2,858,814 shares of the company’s stock, valued at approximately $64,780,725.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William F. Kimble sold 12,459 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $21.55, for a total transaction of $268,491.45. Following the completion of the sale, 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. Insiders have sold 98,459 shares of company stock valued at $2,077,491 in the last ninety days. 3.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Liberty Energy

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of Liberty Energy by 1,777.4% in the 4th quarter. International Assets Investment Management LLC now owns 233,280 shares of the company’s stock valued at $4,232,000 after purchasing an additional 220,854 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Liberty Energy by 12.4% during the 3rd quarter. American Century Companies Inc. now owns 2,241,076 shares of the company’s stock valued at $41,505,000 after acquiring an additional 247,074 shares during the period. Public Sector Pension Investment Board acquired a new position in shares of Liberty Energy during the 3rd quarter valued at $3,549,000. Envestnet Asset Management Inc. lifted its position in shares of Liberty Energy by 37.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 237,090 shares of the company’s stock valued at $4,391,000 after acquiring an additional 65,062 shares during the period. Finally, Gendell Jeffrey L lifted its position in shares of Liberty Energy by 27.4% during the 3rd quarter. Gendell Jeffrey L now owns 891,452 shares of the company’s stock valued at $16,510,000 after acquiring an additional 191,452 shares during the period. 98.22% of the stock is owned by institutional investors.

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.