Liberty Energy (NYSE:LBRT) CAO Ryan Gosney Purchases 3,000 Shares of Company Stock

Liberty Energy Inc. (NYSE:LBRT) CAO Ryan Gosney bought 3,000 shares of Liberty Energy stock in a transaction dated Tuesday, November 3rd. The stock was purchased at an average price of $15.00 per share, with a total value of $45,000.00. Following the purchase, the chief accounting officer owned 236,327 shares in the company, valued at approximately $3,544,905. This represents a 1.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Liberty Energy Stock Down 14.1%

LBRT opened at $11.29 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.30 and a quick ratio of 1.09. The company’s 50-day moving average is $18.27 and its 200 day moving average is $24.47. Liberty Energy Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $34.48. The firm has a market capitalization of $1.84 billion, a P/E ratio of 47.06, a PEG ratio of 3.06 and a beta of 0.72.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, October 21st. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Liberty Energy had a return on equity of 2.13% and a net margin of 0.91%. The company’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) EPS. Research analysts expect that Liberty Energy Inc. will post 0.21 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.40 annualized dividend and a dividend yield of 3.5%. This is a boost from Liberty Energy’s previous quarterly dividend of $0.09. Liberty Energy’s payout ratio is 150.00%.

Hedge Funds Weigh In On Liberty Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in Liberty Energy by 5.0% during the first quarter. PNC Financial Services Group Inc. now owns 7,855 shares of the company’s stock worth $226,000 after buying an additional 375 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Liberty Energy by 79.6% during the 1st quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock valued at $26,000 after acquiring an additional 405 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Liberty Energy by 2.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 32,600 shares of the company’s stock worth $939,000 after purchasing an additional 676 shares in the last quarter. Amova Asset Management Americas Inc. grew its stake in Liberty Energy by 2.1% in the 1st quarter. Amova Asset Management Americas Inc. now owns 32,600 shares of the company’s stock worth $939,000 after buying an additional 676 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Liberty Energy by 5.8% during the 1st quarter. SG Americas Securities LLC now owns 12,483 shares of the company’s stock valued at $360,000 after buying an additional 687 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Liberty Energy from $27.50 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 26th. Scotiabank started coverage on shares of Liberty Energy in a research note on Tuesday, September 29th. They issued a “sector perform” rating and a $19.00 target price on the stock. TD Cowen reduced their target price on shares of Liberty Energy from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, October 23rd. The Goldman Sachs Group set a $23.00 price target on shares of Liberty Energy in a research note on Friday, August 7th. Finally, Stifel Nicolaus lowered their price target on shares of Liberty Energy from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold 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 $26.42.

About Liberty Energy

Liberty Energy Inc is an oilfield services company that provides completion and production services to exploration and production companies. Its primary business is hydraulic fracturing, a well-stimulation technique used to improve the flow of oil and natural gas from unconventional reservoirs.

The company also offers wireline services, well diagnostics, frac data analysis, engineering support, and related technologies designed to help customers plan, execute, and evaluate well-completion operations.