Liberty Energy Inc. (NYSE:LBRT) Stock Has Average Target Price of $26.42 According to Brokerages

Shares of Liberty Energy Inc. (NYSE:LBRT) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $26.42.

A number of research firms have recently issued reports on LBRT. The Goldman Sachs Group set a $23.00 target price on Liberty Energy in a report on Friday, August 7th. Scotiabank initiated coverage on Liberty Energy in a report on Tuesday, September 29th. They set a “sector perform” rating and a $19.00 price target for the company. Zacks Research lowered shares of Liberty Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Barclays cut their price objective on shares of Liberty Energy from $27.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, October 26th. Finally, Royal Bank Of Canada reduced their target price on shares of Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th.

Liberty Energy Trading Up 1.0%

Shares of LBRT stock opened at $13.04 on Wednesday. Liberty Energy has a fifty-two week low of $11.24 and a fifty-two week high of $34.48. The company has a 50 day moving average price of $17.42 and a 200 day moving average price of $24.22. The stock has a market capitalization of $2.13 billion, a P/E ratio of 49.69, a price-to-earnings-growth ratio of 3.00 and a beta of 0.72. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.30.

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

Liberty Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.40 dividend on an annualized basis and a yield of 3.1%. This is a boost from Liberty Energy’s previous quarterly dividend of $0.09. Liberty Energy’s dividend payout ratio is presently 150.00%.

Insiders Place Their Bets

In other Liberty Energy news, CAO Ryan Gosney purchased 3,000 shares of Liberty Energy stock in a transaction dated Tuesday, November 3rd. The stock was acquired at an average cost of $15.00 per share, with a total value of $45,000.00. Following the acquisition, the chief accounting officer directly owned 236,327 shares of the company’s stock, valued at $3,544,905. This represents a 1.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Stock sold 6,666 shares of Liberty Energy stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $19.84, for a total value of $132,253.44. Following the completion of the sale, the chief financial officer owned 760,379 shares in the company, valued at approximately $15,085,919.36. This trade represents a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders acquired 42,500 shares of company stock valued at $645,550 and sold 16,665 shares valued at $315,268. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Liberty Energy

A number of institutional investors and hedge funds have recently made changes to their positions in LBRT. Reyes Financial Architecture Inc. acquired a new position in shares of Liberty Energy during the 3rd quarter worth $27,000. Global Retirement Partners LLC raised its position in Liberty Energy by 2,208.0% during the third quarter. Global Retirement Partners LLC now owns 2,585 shares of the company’s stock worth $47,000 after acquiring an additional 2,473 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Liberty Energy by 36.8% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,862 shares of the company’s stock valued at $52,000 after purchasing an additional 770 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Liberty Energy by 1,397.1% in the third quarter. Fortitude Family Office LLC now owns 3,129 shares of the company’s stock valued at $57,000 after purchasing an additional 2,920 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Liberty Energy by 986.1% in the third quarter. Parallel Advisors LLC now owns 3,834 shares of the company’s stock valued at $70,000 after purchasing an additional 3,481 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Liberty Energy Company Profile

Liberty Energy Inc. is a Denver-based oilfield services company that supports onshore oil and natural gas producers, primarily in the United States. Founded in 2011 as Liberty Oilfield Services, the company adopted the Liberty Energy name in 2022. Its core business is hydraulic fracturing, a well-completion technique used to extract oil and natural gas. Liberty also provides related services and equipment, including wireline operations, proppant and logistics solutions, and technologies designed to support wellsite operations.