By otakuyassine3@gmail.com 
Liberty Energy (NYSE:LBRT – Free Report) had its price objective trimmed by Royal Bank of Canada from $26.00 to $24.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.
Other equities analysts have also issued reports about the company. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Citigroup increased their price target on shares of Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Barclays lowered their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Wells Fargo & Company reduced their target price on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group began coverage on shares of Liberty Energy in a research note on Friday, December 13th. They issued a “neutral” rating and a $19.00 price target for the company. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Liberty Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.30.
Check Out Our Latest Stock Analysis on LBRT
Liberty Energy Trading Down 4.6 %
Shares of LBRT opened at $18.30 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. Liberty Energy has a 1-year low of $16.57 and a 1-year high of $24.75. The company has a market capitalization of $2.99 billion, a P/E ratio of 9.79 and a beta of 1.66. The firm’s 50 day simple moving average is $19.83 and its 200 day simple moving average is $19.77.
Liberty Energy (NYSE:LBRT – Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.37% and a net margin of 7.32%. Sell-side analysts forecast that Liberty Energy will post 0.9 earnings per share for the current fiscal year.
Liberty Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 1.75%. Liberty Energy’s dividend payout ratio is presently 17.11%.
Insiders Place Their Bets
In related news, CFO Michael Stock sold 20,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $20.82, for a total value of $416,400.00. Following the completion of the transaction, the chief financial officer now directly owns 680,207 shares of the company’s stock, valued at $14,161,909.74. This represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher A. Wright sold 2,037 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $18.15, for a total transaction of $36,971.55. Following the completion of the sale, the chief executive officer now owns 2,578,813 shares of the company’s stock, valued at $46,805,455.95. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,973 shares of company stock worth $1,500,285. 3.60% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Liberty Energy
A number of institutional investors have recently added to or reduced their stakes in LBRT. Creative Planning grew its position in shares of Liberty Energy by 28.6% in the 2nd quarter. Creative Planning now owns 18,753 shares of the company’s stock worth $392,000 after buying an additional 4,169 shares during the period. Truist Financial Corp boosted its stake in Liberty Energy by 13.4% during the second quarter. Truist Financial Corp now owns 90,862 shares of the company’s stock worth $1,898,000 after acquiring an additional 10,766 shares in the last quarter. Cetera Investment Advisers grew its holdings in Liberty Energy by 6.3% in the second quarter. Cetera Investment Advisers now owns 52,948 shares of the company’s stock worth $1,106,000 after purchasing an additional 3,132 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Liberty Energy during the second quarter valued at approximately $642,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of Liberty Energy by 10.8% during the third quarter. Park Avenue Securities LLC now owns 28,277 shares of the company’s stock valued at $540,000 after purchasing an additional 2,756 shares during 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.
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