Liberty Energy (NYSE:LBRT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Liberty Energy (NYSE:LBRT) from a sell rating to a hold rating in a research note published on Saturday.

Several other research firms have also commented on LBRT. Weiss Ratings reiterated a “hold (c-)” rating on shares of Liberty Energy in a research note on Wednesday, October 8th. Barclays cut their price target on shares of Liberty Energy from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 29th. Stifel Nicolaus cut their price target on shares of Liberty Energy from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, July 28th. Finally, Piper Sandler cut their price target on shares of Liberty Energy from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Liberty Energy presently has an average rating of “Moderate Buy” and an average target price of $14.85.

Liberty Energy Trading Up 2.1%

NYSE LBRT opened at $12.30 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.99 billion, a PE ratio of 9.46 and a beta of 0.74. The company has a 50 day moving average price of $11.48 and a 200 day moving average price of $11.91. Liberty Energy has a 52 week low of $9.50 and a 52 week high of $23.58.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Liberty Energy had a return on equity of 6.01% and a net margin of 5.29%.The company’s revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. As a group, sell-side analysts forecast that Liberty Energy will post 0.58 EPS for the current fiscal year.

Institutional Trading of Liberty Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Shields Capital Management LLC acquired a new stake in shares of Liberty Energy in the second quarter worth $29,000. Smartleaf Asset Management LLC increased its stake in shares of Liberty Energy by 213.7% in the second quarter. Smartleaf Asset Management LLC now owns 3,607 shares of the company’s stock worth $42,000 after acquiring an additional 2,457 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Liberty Energy in the second quarter worth $48,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Liberty Energy in the first quarter worth $50,000. Finally, GAMMA Investing LLC increased its stake in shares of Liberty Energy by 281.1% in the second quarter. GAMMA Investing LLC now owns 4,329 shares of the company’s stock worth $50,000 after acquiring an additional 3,193 shares during the period. Institutional investors and hedge funds 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.