Liberty Energy Inc. (NYSE:LBRT) CAO Ryan T. Gosney Sells 2,000 Shares of Stock

Liberty Energy Inc. (NYSE:LBRTGet Rating) CAO Ryan T. Gosney sold 2,000 shares of Liberty Energy stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $15.19, for a total transaction of $30,380.00. Following the completion of the transaction, the chief accounting officer now owns 107,716 shares in the company, valued at approximately $1,636,206.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE:LBRT opened at $14.26 on Friday. The firm’s 50 day simple moving average is $16.28 and its 200 day simple moving average is $13.54. The company has a current ratio of 1.22, a quick ratio of 1.00 and a debt-to-equity ratio of 0.17. Liberty Energy Inc. has a one year low of $8.50 and a one year high of $20.05.

Liberty Energy (NYSE:LBRTGet Rating) last posted its earnings results on Wednesday, April 20th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.13. Liberty Energy had a negative net margin of 5.55% and a negative return on equity of 12.17%. The business had revenue of $792.77 million for the quarter, compared to the consensus estimate of $739.42 million. During the same period last year, the company earned ($0.21) EPS. The firm’s revenue was up 43.6% compared to the same quarter last year. As a group, sell-side analysts expect that Liberty Energy Inc. will post 0.64 EPS for the current fiscal year.

A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Liberty Energy from $15.00 to $18.00 in a research report on Friday, April 8th. Wells Fargo & Company increased their target price on shares of Liberty Energy from $15.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, April 22nd. Royal Bank of Canada increased their price target on shares of Liberty Energy from $18.00 to $21.00 and gave the company a “sector perform” rating in a research note on Friday, April 22nd. The Goldman Sachs Group increased their price objective on shares of Liberty Energy from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 14th. Finally, Barclays raised their price target on shares of Liberty Energy from $15.00 to $19.00 in a research report on Wednesday, April 27th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.84.

A number of institutional investors have recently added to or reduced their stakes in LBRT. Guggenheim Capital LLC increased its stake in shares of Liberty Energy by 9.5% in the 3rd quarter. Guggenheim Capital LLC now owns 153,524 shares of the company’s stock valued at $1,862,000 after acquiring an additional 13,341 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Liberty Energy by 3.7% in the 4th quarter. Arizona State Retirement System now owns 26,395 shares of the company’s stock valued at $256,000 after acquiring an additional 943 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Liberty Energy by 79.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 132,546 shares of the company’s stock valued at $1,286,000 after acquiring an additional 58,485 shares in the last quarter. CoreCommodity Management LLC bought a new stake in shares of Liberty Energy in the 4th quarter valued at $644,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Liberty Energy by 72.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,282 shares of the company’s stock valued at $139,000 after acquiring an additional 6,024 shares in the last quarter. Hedge funds and other institutional investors own 88.18% of the company’s stock.

About Liberty Energy (Get Rating)

Liberty Energy Inc provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies.

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