Liberty Energy (NYSE:LBRT) Stock: Insider Ryan Gosney Buys 3,000 Shares

Liberty Energy Inc. (NYSE:LBRT) CAO Ryan Gosney acquired 3,000 shares of Liberty Energy stock in a transaction that occurred on Tuesday, November 3rd. The shares were bought at an average cost of $15.00 per share, with a total value of $45,000.00. Following the transaction, the chief accounting officer owned 236,327 shares in the company, valued at $3,544,905. This represents a 1.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Liberty Energy Price Performance

Shares of LBRT opened at $11.91 on Friday. The stock has a market capitalization of $1.94 billion, a PE ratio of 56.46, a PEG ratio of 3.41 and a beta of 0.72. Liberty Energy Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $34.48. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.30. The company has a 50 day moving average price of $18.12 and a 200-day moving average price of $24.43.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, October 21st. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Liberty Energy had a net margin of 0.91% and a return on equity of 2.13%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business earned ($0.06) earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. Equities analysts predict that Liberty Energy Inc. will post 0.21 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 4th. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 3.4%. Liberty Energy’s dividend payout ratio (DPR) is 150.00%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings lowered shares of Liberty Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Zacks Research cut Liberty Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. UBS Group lowered their price target on shares of Liberty Energy from $31.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. The Goldman Sachs Group set a $23.00 target price on Liberty Energy in a research note on Friday, August 7th. Finally, Royal Bank Of Canada dropped their price objective 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. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.42.

Hedge Funds Weigh In On Liberty Energy

A number of large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its position 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 valued at $26,000 after buying an additional 405 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in Liberty Energy during the 1st quarter worth approximately $26,000. Reyes Financial Architecture Inc. acquired a new position in Liberty Energy during the 3rd quarter valued at about $27,000. Summit Securities Group LLC acquired a new position in Liberty Energy in the 1st quarter valued at approximately $28,000. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in Liberty Energy by 36.8% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,862 shares of the company’s stock worth $52,000 after acquiring an additional 770 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors.

About Liberty Energy

Liberty Energy Inc is an oilfield services company that provides completion and production services to exploration and production companies. Its primary business is hydraulic fracturing, a well-stimulation technique used to improve the flow of oil and natural gas from unconventional reservoirs.

The company also offers wireline services, well diagnostics, frac data analysis, engineering support, and related technologies designed to help customers plan, execute, and evaluate well-completion operations.