Liberty Energy Inc. (NYSE:LBRT – Get Free Report) Director Arjun Murti bought 14,053 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were purchased at an average cost of $17.79 per share, for a total transaction of $250,002.87. Following the completion of the purchase, the director owned 41,621 shares in the company, valued at approximately $740,437.59. This trade represents a 50.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Liberty Energy Stock Up 5.0%
Shares of Liberty Energy stock traded up $0.86 during midday trading on Thursday, hitting $17.95. The company’s stock had a trading volume of 8,027,346 shares, compared to its average volume of 4,417,107. The firm has a market capitalization of $2.93 billion, a P/E ratio of 24.25, a PEG ratio of 3.38 and a beta of 0.54. The stock has a 50-day simple moving average of $26.26 and a 200-day simple moving average of $27.17. The company has a quick ratio of 1.75, a current ratio of 1.99 and a debt-to-equity ratio of 0.74. Liberty Energy Inc. has a 1-year low of $9.90 and a 1-year high of $34.48.
Liberty Energy (NYSE:LBRT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Energy had a return on equity of 1.14% and a net margin of 2.92%.Liberty Energy’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share. As a group, sell-side analysts expect that Liberty Energy Inc. will post 0.25 earnings per share for the current year.
Liberty Energy Dividend Announcement
Analysts Set New Price Targets
Several analysts recently commented on LBRT shares. Royal Bank Of Canada decreased their price target on shares of Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, July 24th. Morgan Stanley set a $32.00 target price on shares of Liberty Energy in a research report on Friday, July 24th. Barclays lifted their target price on shares of Liberty Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Stifel Nicolaus lowered their price target on shares of Liberty Energy from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, Zacks Research downgraded shares of Liberty Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.09.
Check Out Our Latest Research Report on Liberty Energy
Institutional Trading of Liberty Energy
Institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC grew its position in Liberty Energy by 79.6% in the first quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock worth $26,000 after acquiring an additional 405 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Liberty Energy during the 1st quarter valued at $26,000. Summit Securities Group LLC acquired a new stake in shares of Liberty Energy in the 1st quarter valued at $28,000. Los Angeles Capital Management LLC bought a new stake in Liberty Energy in the fourth quarter worth $29,000. Finally, Kelleher Financial Advisors bought a new stake in Liberty Energy in the third quarter worth $29,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.
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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