Liberty Energy (NYSE:LBRT) Given Equal Weight Rating at Wells Fargo & Company

Wells Fargo & Company reaffirmed their equal weight rating on shares of Liberty Energy (NYSE:LBRT) in a report released on Tuesday, Marketbeat.com reports. Wells Fargo & Company currently has a $11.00 target price on the stock, down from their previous target price of $20.00.

A number of other research firms have also recently commented on LBRT. TD Cowen decreased their price objective on Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus upped their price target on Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Finally, The Goldman Sachs Group started coverage on shares of Liberty Energy in a research report on Friday, December 13th. They set a “neutral” rating and a $19.00 price target for the company. Six research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.80.

Liberty Energy Stock Down 5.0 %

Shares of LBRT opened at $9.97 on Tuesday. Liberty Energy has a 52-week low of $9.71 and a 52-week high of $24.75. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $15.86 and a two-hundred day simple moving average of $18.08. The company has a market capitalization of $1.61 billion, a PE ratio of 5.33 and a beta of 1.18.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. As a group, equities analysts forecast that Liberty Energy will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 3.21%. Liberty Energy’s dividend payout ratio (DPR) is presently 17.11%.

Insiders Place Their Bets

In other news, CFO Michael Stock sold 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.94, for a total transaction of $179,400.00. Following the completion of the transaction, the chief financial officer now directly owns 717,292 shares of the company’s stock, valued at approximately $12,868,218.48. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP lifted its position in shares of Liberty Energy by 237.5% during the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock worth $38,000 after purchasing an additional 1,401 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Liberty Energy by 257.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock valued at $47,000 after buying an additional 1,583 shares in the last quarter. Blue Trust Inc. lifted its holdings in Liberty Energy by 604.9% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock worth $47,000 after buying an additional 2,111 shares during the last quarter. Spire Wealth Management acquired a new position in shares of Liberty Energy during the 4th quarter worth about $60,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Liberty Energy by 176.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock valued at $67,000 after acquiring an additional 2,184 shares during the last quarter. Hedge funds and other 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.