Analysts Set Liberty Energy Inc. (NYSE:LBRT) Price Target at $30.00

Shares of Liberty Energy Inc. (NYSE:LBRT) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $30.00.

Several equities analysts have commented on LBRT shares. UBS Group reiterated a “buy” rating on shares of Liberty Energy in a research report on Friday, June 26th. Stifel Nicolaus cut their price target on shares of Liberty Energy from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Royal Bank Of Canada reduced their price objective on shares of Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, July 24th. Barclays boosted their target price 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Energy in a report on Wednesday, July 29th.

Liberty Energy Trading Up 1.3%

Shares of LBRT opened at $20.38 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.75 and a current ratio of 1.99. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.94 and a beta of 0.61. Liberty Energy has a 52-week low of $9.90 and a 52-week high of $34.48. The business’s fifty day moving average is $21.51 and its 200-day moving average is $26.68.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Wednesday, July 22nd. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Energy had a net margin of 2.92% and a return on equity of 1.14%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 earnings per share. Equities analysts anticipate that Liberty Energy will post 0.33 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, September 4th. This represents a $0.36 annualized dividend and a yield of 1.8%. Liberty Energy’s payout ratio is 48.65%.

Insider Activity at Liberty Energy

In related news, CFO Michael Stock sold 9,999 shares of Liberty Energy stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $25.89, for a total value of $258,874.11. Following the sale, the chief financial officer owned 773,711 shares of the company’s stock, valued at approximately $20,031,377.79. The trade was a 1.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Arjun N. Murti purchased 14,053 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were purchased at an average price of $17.79 per share, with a total value of $250,002.87. Following the purchase, the director directly owned 41,621 shares in the company, valued at $740,437.59. This trade represents a 50.98% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 19,998 shares of company stock worth $450,955. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Liberty Energy

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 97,998 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Liberty Energy by 4.9% in the 1st 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 during the period. Franklin Resources Inc. grew its stake in Liberty Energy by 78.5% in the 3rd quarter. Franklin Resources Inc. now owns 8,575,840 shares of the company’s stock valued at $105,826,000 after buying an additional 3,771,724 shares in the last quarter. California State Teachers Retirement System grew its stake in Liberty Energy by 2,521.1% in the 2nd quarter. California State Teachers Retirement System now owns 4,916,989 shares of the company’s stock valued at $128,776,000 after buying an additional 4,729,397 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Liberty Energy by 901.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,431,125 shares of the company’s stock valued at $127,616,000 after acquiring an additional 3,988,535 shares during the period. 98.22% of the stock is owned by hedge funds and other 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. 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.