Liberty Energy Inc. (NYSE:LBRT) Receives $19.27 Average PT from Brokerages

Shares of Liberty Energy Inc. (NYSE:LBRT) have been assigned an average rating of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $19.6364.

Several analysts have recently commented on the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $20.00 price objective on shares of Liberty Energy in a report on Wednesday, January 14th. UBS Group restated a “buy” rating on shares of Liberty Energy in a research note on Tuesday, January 6th. Barclays lifted their target price on shares of Liberty Energy from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Liberty Energy in a research note on Wednesday. Finally, Stifel Nicolaus raised their price objective on shares of Liberty Energy from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday.

Institutional Investors Weigh In On Liberty Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its holdings in shares of Liberty Energy by 78.5% in the 3rd quarter. Franklin Resources Inc. now owns 8,575,840 shares of the company’s stock valued at $105,826,000 after buying an additional 3,771,724 shares during the period. American Century Companies Inc. boosted its stake in shares of Liberty Energy by 28.2% in the third quarter. American Century Companies Inc. now owns 7,809,390 shares of the company’s stock valued at $96,368,000 after purchasing an additional 1,716,007 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Liberty Energy by 21.7% in the second quarter. The Manufacturers Life Insurance Company now owns 2,967,041 shares of the company’s stock valued at $34,062,000 after purchasing an additional 529,023 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of Liberty Energy by 1,529.2% in the third quarter. Balyasny Asset Management L.P. now owns 2,753,357 shares of the company’s stock valued at $33,976,000 after purchasing an additional 2,584,359 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Liberty Energy by 20.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,161,558 shares of the company’s stock worth $24,815,000 after buying an additional 365,506 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Trading Up 5.4%

NYSE LBRT opened at $21.22 on Thursday. The firm has a market cap of $3.44 billion, a PE ratio of 18.95 and a beta of 0.45. Liberty Energy has a 52 week low of $9.50 and a 52 week high of $22.83. The company has a quick ratio of 1.05, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $18.54 and a 200 day moving average price of $14.79.

Liberty Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.7%. Liberty Energy’s dividend payout ratio (DPR) is currently 32.14%.

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. 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.