Liberty Energy (NYSE:LBRT) Stock Price Expected to Rise, Barclays Analyst Says

Liberty Energy (NYSE:LBRT) had its price target increased by stock analysts at Barclays from $23.00 to $24.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential downside of 14.67% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of Liberty Energy from a “neutral” rating to an “overweight” rating and set a $24.00 target price on the stock in a research note on Wednesday, December 10th. Morgan Stanley upped their target price on shares of Liberty Energy from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Wall Street Zen upgraded shares of Liberty Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. UBS Group restated a “buy” rating and set a $34.00 target price on shares of Liberty Energy in a research note on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Liberty Energy in a research note on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Liberty Energy Trading Down 1.1%

NYSE LBRT opened at $28.13 on Thursday. Liberty Energy has a 12 month low of $9.50 and a 12 month high of $32.40. The stock has a market cap of $4.56 billion, a P/E ratio of 31.60 and a beta of 0.48. The stock’s fifty day moving average price is $27.71 and its 200-day moving average price is $20.84. The company has a current ratio of 1.22, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22.

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

Insider Activity

In other news, insider R Sean Elliott sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $25.40, for a total value of $635,000.00. Following the transaction, the insider owned 343,150 shares of the company’s stock, valued at $8,716,010. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arjun N. Murti acquired 9,696 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was bought at an average cost of $25.79 per share, for a total transaction of $250,059.84. Following the purchase, the director directly owned 27,568 shares of the company’s stock, valued at approximately $710,978.72. This trade represents a 54.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new position in shares of Liberty Energy in the fourth quarter worth about $29,000. First Horizon Corp raised its stake in shares of Liberty Energy by 58.2% in the fourth quarter. First Horizon Corp now owns 1,620 shares of the company’s stock worth $30,000 after buying an additional 596 shares during the period. International Assets Investment Management LLC bought a new position in shares of Liberty Energy in the fourth quarter worth about $32,000. Quadrant Capital Group LLC raised its stake in shares of Liberty Energy by 39.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,140 shares of the company’s stock worth $40,000 after buying an additional 610 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Liberty Energy by 120.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the company’s stock worth $41,000 after buying an additional 1,200 shares during the period. 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.