Analysts Set Liberty Energy Inc. (NYSE:LBRT) Target Price at $30.42

Liberty Energy Inc. (NYSE:LBRT) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat reports. Seven 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 updated their coverage on the stock in the last year is $30.4167.

A number of equities analysts recently issued reports on LBRT shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $32.00 target price on shares of Liberty Energy in a report on Friday, April 24th. Wall Street Zen upgraded shares of Liberty Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. UBS Group upped their price target on Liberty Energy from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Energy in a research report on Friday, May 1st. Finally, Stifel Nicolaus upped their target price on Liberty Energy from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, April 24th.

Liberty Energy Stock Down 3.2%

Shares of LBRT opened at $31.82 on Wednesday. The company has a market cap of $5.19 billion, a P/E ratio of 34.97, a P/E/G ratio of 9.83 and a beta of 0.56. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.97. Liberty Energy has a one year low of $9.90 and a one year high of $34.48. The firm has a 50 day simple moving average of $30.49 and a two-hundred day simple moving average of $24.43.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, April 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.19. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations 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 firm earned $0.04 EPS. Research analysts forecast that Liberty Energy will post 0.07 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. Liberty Energy’s payout ratio is presently 39.56%.

Insider Activity

In other Liberty Energy news, CFO Michael Stock sold 19,998 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $33.48, for a total transaction of $669,533.04. Following the sale, the chief financial officer directly owned 800,375 shares in the company, valued at approximately $26,796,555. This trade represents a 2.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman William F. Kimble sold 7,350 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $33.92, for a total transaction of $249,312.00. Following the transaction, the chairman owned 89,805 shares in the company, valued at $3,046,185.60. This represents a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC increased its stake in shares of 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 purchasing an additional 405 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Liberty Energy in the 1st quarter worth about $26,000. Summit Securities Group LLC bought a new stake in shares of Liberty Energy in the 1st quarter valued at approximately $28,000. Los Angeles Capital Management LLC purchased a new position in Liberty Energy during the fourth quarter worth $29,000. Finally, Kelleher Financial Advisors bought a new stake in Liberty Energy in the third quarter worth about $29,000. 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. 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.