Analysts Set Liberty Energy Inc. (NYSE:LBRT) Price Target at $26.42

Liberty Energy Inc. (NYSE:LBRT) has been given an average rating of “Moderate Buy” by the fourteen analysts that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $26.4167.

A number of equities research analysts have issued reports on the stock. Citigroup increased their target price on shares of Liberty Energy from $21.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. UBS Group reaffirmed a “buy” rating and issued a $34.00 price target on shares of Liberty Energy in a research note on Friday, January 30th. TD Cowen increased their price objective on Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, January 30th. The Goldman Sachs Group lifted their price objective on Liberty Energy from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Finally, Morgan Stanley boosted their target price on Liberty Energy from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, January 30th.

Liberty Energy Stock Down 0.5%

NYSE:LBRT traded down $0.14 on Friday, hitting $30.16. 276,656 shares of the company’s stock traded hands, compared to its average volume of 4,443,708. The company has a market cap of $4.89 billion, a PE ratio of 33.91 and a beta of 0.48. Liberty Energy has a 1 year low of $9.50 and a 1 year high of $31.16. The company has a current ratio of 1.22, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $24.21 and a 200-day moving average price of $18.33.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.21. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $880.59 million. Liberty Energy had a net margin of 3.69% and a return on equity of 1.24%. During the same period in the prior year, the firm earned $0.10 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. Equities analysts anticipate that Liberty Energy will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.2%. Liberty Energy’s payout ratio is presently 40.45%.

Insider Buying and Selling

In other Liberty Energy news, insider R Sean Elliott sold 25,000 shares of Liberty Energy stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $25.40, for a total value of $635,000.00. Following the completion of the sale, the insider directly owned 343,150 shares in the company, valued at $8,716,010. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arjun N. Murti bought 9,696 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was acquired at an average cost of $25.79 per share, with a total value of $250,059.84. Following the completion of the transaction, the director directly owned 27,568 shares of the company’s stock, valued at approximately $710,978.72. This represents a 54.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LBRT. Vanguard Group Inc. boosted its holdings in 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 raised its holdings in Liberty Energy by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,802,399 shares of the company’s stock valued at $162,494,000 after buying an additional 189,829 shares in the last quarter. Franklin Resources Inc. raised its holdings in Liberty Energy by 78.5% during the third 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. American Century Companies Inc. lifted its position in shares of Liberty Energy by 28.2% in the third quarter. American Century Companies Inc. now owns 7,809,390 shares of the company’s stock worth $96,368,000 after buying an additional 1,716,007 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Liberty Energy by 184.7% in the fourth quarter. Millennium Management LLC now owns 3,287,466 shares of the company’s stock worth $60,687,000 after buying an additional 2,132,685 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. 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.