GeoSphere Capital Management LLC Acquires New Shares in Liberty Energy Inc. (NYSE:LBRT)

GeoSphere Capital Management LLC bought a new position in shares of Liberty Energy Inc. (NYSE:LBRT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 125,000 shares of the company’s stock, valued at approximately $2,486,000. Liberty Energy makes up approximately 1.2% of GeoSphere Capital Management LLC’s portfolio, making the stock its 15th largest position. GeoSphere Capital Management LLC owned approximately 0.08% of Liberty Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harbour Capital Advisors LLC bought a new stake in Liberty Energy in the 4th quarter valued at $498,000. Principal Financial Group Inc. raised its stake in shares of Liberty Energy by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 897,040 shares of the company’s stock valued at $17,842,000 after purchasing an additional 24,825 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Liberty Energy in the fourth quarter valued at about $6,792,000. Barclays PLC boosted its position in shares of Liberty Energy by 197.9% during the third quarter. Barclays PLC now owns 286,661 shares of the company’s stock worth $5,471,000 after buying an additional 190,445 shares during the period. Finally, Miller Howard Investments Inc. NY grew its holdings in shares of Liberty Energy by 315.8% during the fourth quarter. Miller Howard Investments Inc. NY now owns 133,169 shares of the company’s stock worth $2,649,000 after buying an additional 101,144 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on LBRT. The Goldman Sachs Group cut their target price on Liberty Energy from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Morgan Stanley raised shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $20.00 to $25.00 in a research report on Thursday, March 27th. Royal Bank of Canada downgraded shares of Liberty Energy from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $24.00 to $19.00 in a research report on Monday, March 24th. TD Cowen boosted their price target on shares of Liberty Energy from $10.00 to $13.00 and gave the stock a “hold” rating in a research report on Monday, April 21st. Finally, Citigroup reduced their price objective on shares of Liberty Energy from $16.00 to $13.50 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.05.

Liberty Energy Trading Up 1.4 %

Liberty Energy stock opened at $12.08 on Friday. The stock has a 50-day simple moving average of $13.05 and a 200 day simple moving average of $16.79. The stock has a market capitalization of $1.96 billion, a P/E ratio of 6.46 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. Liberty Energy Inc. has a 52 week low of $9.50 and a 52 week high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. The company had revenue of $977.46 million during the quarter, compared to the consensus estimate of $960.64 million. During the same period in the previous year, the company posted $0.48 EPS. Analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, June 6th. Liberty Energy’s payout ratio is presently 21.19%.

Liberty Energy 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.