Liberty Energy (NYSE:LBRT) Price Target Raised to $13.00 at TD Cowen

Liberty Energy (NYSE:LBRT) had its price objective raised by equities researchers at TD Cowen from $10.00 to $13.00 in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s target price indicates a potential upside of 7.93% from the company’s previous close.

A number of other analysts also recently commented on LBRT. Citigroup boosted their target price on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Stifel Nicolaus cut their target price on Liberty Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. Royal Bank of Canada lowered shares of Liberty Energy from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $24.00 to $19.00 in a research note on Monday, March 24th. Finally, Barclays cut their price target on shares of Liberty Energy from $21.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.10.

Liberty Energy Trading Up 5.4 %

Shares of NYSE:LBRT opened at $12.05 on Monday. The company has a 50 day moving average of $14.70 and a 200-day moving average of $17.55. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.95 billion, a P/E ratio of 6.44 and a beta of 1.18. Liberty Energy has a twelve month low of $9.50 and a twelve month high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. The firm had revenue of $977.46 million during the quarter, compared to analyst estimates of $960.64 million. During the same period last year, the company posted $0.48 EPS. As a group, analysts anticipate that Liberty Energy will post 0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Michael Stock sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.94, for a total value of $179,400.00. Following the completion of the sale, the chief financial officer now directly owns 717,292 shares in the company, valued at approximately $12,868,218.48. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Liberty Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its position 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 acquiring an additional 2,111 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Liberty Energy by 257.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock worth $47,000 after purchasing an additional 1,583 shares during the last quarter. Spire Wealth Management acquired a new stake in Liberty Energy in the 4th quarter valued at approximately $60,000. Smartleaf Asset Management LLC lifted its holdings in shares of Liberty Energy by 176.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock worth $67,000 after buying an additional 2,184 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Liberty Energy in the fourth quarter valued at approximately $99,000. 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.