Liberty Energy (NYSE:LBRT) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Liberty Energy (NYSE:LBRT) from a sell rating to a hold rating in a research note released on Saturday.

Several other research analysts also recently weighed in on the company. Barclays dropped their price target on Liberty Energy from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday, July 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Liberty Energy in a research note on Wednesday. Piper Sandler decreased their price objective on Liberty Energy from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Finally, Stifel Nicolaus decreased their price objective on Liberty Energy from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.05.

Liberty Energy Trading Down 4.0%

LBRT stock opened at $12.06 on Friday. Liberty Energy has a 1-year low of $9.50 and a 1-year high of $23.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 0.91. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 9.27 and a beta of 0.74. The business has a 50 day simple moving average of $11.47 and a two-hundred day simple moving average of $11.97.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). Liberty Energy had a return on equity of 6.01% and a net margin of 5.29%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. Research analysts anticipate that Liberty Energy will post 0.58 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, September 4th. Liberty Energy’s dividend payout ratio is presently 24.62%.

Institutional Trading of Liberty Energy

Several hedge funds and other institutional investors have recently bought and sold shares of LBRT. GAMMA Investing LLC raised its holdings in Liberty Energy by 1,279.1% during the 1st quarter. GAMMA Investing LLC now owns 17,983 shares of the company’s stock valued at $285,000 after buying an additional 16,679 shares during the period. Yousif Capital Management LLC raised its holdings in Liberty Energy by 1.5% during the 1st quarter. Yousif Capital Management LLC now owns 62,536 shares of the company’s stock valued at $990,000 after buying an additional 914 shares during the period. Salem Investment Counselors Inc. purchased a new stake in Liberty Energy during the 1st quarter valued at $417,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Liberty Energy during the 1st quarter valued at $761,000. Finally, Sowell Financial Services LLC purchased a new stake in Liberty Energy during the 1st quarter valued at $162,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

About Liberty Energy

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.