Liberty Energy’s (LBRT) Equal Weight Rating Reaffirmed at Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of Liberty Energy (NYSE:LBRT) in a research report sent to investors on Monday, Benzinga reports. Morgan Stanley currently has a $24.00 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. Barclays raised their price objective on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an overweight rating in a research report on Friday, April 19th. Wells Fargo & Company raised their price objective on shares of Liberty Energy from $24.00 to $26.00 and gave the stock an overweight rating in a research report on Friday, April 19th. Piper Sandler raised 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. Bank of America raised their target price on shares of Liberty Energy from $20.00 to $23.00 and gave the stock a neutral rating in a report on Monday, April 15th. Finally, TD Cowen raised their target price on shares of Liberty Energy from $19.00 to $21.00 and gave the stock a hold rating in a report on Friday, April 19th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Liberty Energy presently has an average rating of Moderate Buy and an average target price of $24.30.

Liberty Energy Trading Down 0.2 %

Shares of LBRT stock opened at $22.76 on Monday. The firm has a 50 day moving average price of $21.32 and a two-hundred day moving average price of $19.79. The company has a quick ratio of 1.16, a current ratio of 1.48 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $3.79 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 1.11 and a beta of 1.85. 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 quarterly earnings data on Thursday, April 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The company’s revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the business earned $0.90 earnings per share. As a group, analysts predict that Liberty Energy will post 2.55 earnings per share for the current year.

Liberty Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.28 dividend on an annualized basis and a yield of 1.23%. Liberty Energy’s dividend payout ratio (DPR) is 10.22%.

Insider Activity at Liberty Energy

In related news, CAO Ryan T. Gosney sold 6,000 shares of Liberty Energy stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total value of $123,000.00. Following the transaction, the chief accounting officer now directly owns 140,706 shares of the company’s stock, valued at $2,884,473. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 2,858,814 shares of the company’s stock, valued at $64,780,725.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Ryan T. Gosney sold 6,000 shares of Liberty Energy stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total transaction of $123,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 140,706 shares in the company, valued at $2,884,473. The disclosure for this sale can be found here. Insiders have sold 98,459 shares of company stock valued at $2,077,491 over the last three months. 3.70% of the stock is owned by insiders.

Institutional Trading of Liberty Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its stake in shares of Liberty Energy by 1,777.4% during the fourth quarter. International Assets Investment Management LLC now owns 233,280 shares of the company’s stock worth $4,232,000 after buying an additional 220,854 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Liberty Energy by 12.4% during the third quarter. American Century Companies Inc. now owns 2,241,076 shares of the company’s stock worth $41,505,000 after buying an additional 247,074 shares during the last quarter. Knights of Columbus Asset Advisors LLC bought a new stake in shares of Liberty Energy during the fourth quarter worth $3,532,000. Public Sector Pension Investment Board bought a new stake in shares of Liberty Energy during the third quarter worth $3,549,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Liberty Energy by 37.8% during the third quarter. Envestnet Asset Management Inc. now owns 237,090 shares of the company’s stock worth $4,391,000 after buying an additional 65,062 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.