Liberty Energy Inc. (NYSE:LBRT – Get Free Report) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $32.1818.
Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Energy in a research note on Friday, May 1st. Piper Sandler upped their price objective on Liberty Energy from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Barclays upped their price objective on Liberty Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Morgan Stanley set a $36.00 price objective on Liberty Energy in a research note on Monday, April 27th. Finally, UBS Group restated a “buy” rating on shares of Liberty Energy in a research note on Tuesday, May 26th.
Read Our Latest Report on Liberty Energy
Liberty Energy Trading Down 0.1%
Liberty Energy (NYSE:LBRT – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.19. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $954.71 million. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 earnings per share. Equities research analysts predict that Liberty Energy will post 0.25 earnings per share for the current fiscal year.
Liberty Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a $0.09 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.36 annualized dividend and a yield of 1.3%. Liberty Energy’s dividend payout ratio is currently 39.56%.
Insider Activity at Liberty Energy
In other news, CFO Michael Stock sold 3,333 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $31.00, for a total transaction of $103,323.00. Following the transaction, the chief financial officer owned 783,710 shares in the company, valued at approximately $24,295,010. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman William F. Kimble sold 7,350 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $33.92, for a total value of $249,312.00. Following the transaction, the chairman owned 89,805 shares in the company, valued at approximately $3,046,185.60. This trade represents a 7.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,013 shares of company stock worth $1,414,929 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.
Hedge Funds Weigh In On Liberty Energy
Large investors have recently made changes to their positions in the company. Root Financial Partners LLC increased its stake in shares of Liberty Energy by 79.6% during the first quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock worth $26,000 after purchasing an additional 405 shares during the period. Valued Wealth Advisors LLC bought a new position in shares of Liberty Energy during the first quarter worth approximately $26,000. Summit Securities Group LLC bought a new position in shares of Liberty Energy during the first quarter worth approximately $28,000. Los Angeles Capital Management LLC bought a new position in shares of Liberty Energy during the fourth quarter worth approximately $29,000. Finally, Kelleher Financial Advisors bought a new position in shares of Liberty Energy during the third quarter worth approximately $29,000. 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.
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