Short Interest in Liberty Energy Inc. (NYSE:LBRT) Declines By 16.9%

Liberty Energy Inc. (NYSE:LBRT) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 8,103,953 shares, a decline of 16.9% from the December 15th total of 9,753,206 shares. Based on an average trading volume of 3,661,624 shares, the short-interest ratio is currently 2.2 days. Currently, 5.1% of the shares of the stock are short sold. Currently, 5.1% of the shares of the stock are short sold. Based on an average trading volume of 3,661,624 shares, the short-interest ratio is currently 2.2 days.

Liberty Energy Trading Down 1.3%

Shares of NYSE LBRT opened at $20.19 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.32. Liberty Energy has a 52-week low of $9.50 and a 52-week high of $23.58. The firm has a 50 day moving average price of $18.38 and a two-hundred day moving average price of $14.69. The stock has a market cap of $3.27 billion, a P/E ratio of 18.03 and a beta of 0.45.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LBRT shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Liberty Energy in a report on Monday, December 29th. Wall Street Zen downgraded shares of Liberty Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. TD Cowen raised their target price on shares of Liberty Energy from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $20.00 target price on shares of Liberty Energy in a research note on Wednesday, January 14th. Finally, Barclays upped their price target on shares of Liberty Energy from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Five equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.27.

Institutional Trading of Liberty Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Liberty Energy by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,205 shares of the company’s stock worth $1,491,000 after buying an additional 4,095 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Liberty Energy by 1,992.2% in the first quarter. NewEdge Advisors LLC now owns 12,030 shares of the company’s stock worth $190,000 after acquiring an additional 11,455 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Liberty Energy by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 868,978 shares of the company’s stock valued at $13,756,000 after acquiring an additional 4,955 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Liberty Energy by 22.0% in the first quarter. Intech Investment Management LLC now owns 81,446 shares of the company’s stock valued at $1,289,000 after acquiring an additional 14,663 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Liberty Energy by 147.0% during the 1st quarter. Voya Investment Management LLC now owns 118,133 shares of the company’s stock valued at $1,870,000 after purchasing an additional 70,314 shares during the period. 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. 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.