Analysts Set Liberty Energy Inc. (NYSE:LBRT) Target Price at $18.05

Liberty Energy Inc. (NYSE:LBRT) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $18.05.

Several research firms have recently issued reports on LBRT. Royal Bank of Canada lowered Liberty Energy from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $24.00 to $19.00 in a research report on Monday, March 24th. Stifel Nicolaus dropped their price objective on Liberty Energy from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Cowen restated a “hold” rating on shares of Liberty Energy in a research note on Monday, April 21st. Wells Fargo & Company reiterated an “equal weight” rating and set a $11.00 price objective (down previously from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. Finally, TD Cowen increased their price objective on Liberty Energy from $10.00 to $13.00 and gave the stock a “hold” rating in a research report on Monday, April 21st.

Liberty Energy Stock Up 5.1%

Shares of LBRT stock opened at $12.71 on Friday. The stock has a market cap of $2.06 billion, a P/E ratio of 6.79 and a beta of 0.71. Liberty Energy has a one year low of $9.50 and a one year high of $24.75. The stock has a fifty day moving average price of $12.99 and a 200 day moving average price of $16.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share 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 company 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 earnings per share. Analysts predict that Liberty Energy will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 2.52%. Liberty Energy’s payout ratio is 21.19%.

Hedge Funds Weigh In On Liberty Energy

Several institutional investors and hedge funds have recently bought and sold shares of LBRT. Harbor Capital Advisors Inc. boosted its position in shares of Liberty Energy by 0.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company’s stock valued at $1,635,000 after purchasing an additional 708 shares in the last quarter. Xponance Inc. increased its position in Liberty Energy by 7.0% during the fourth quarter. Xponance Inc. now owns 11,263 shares of the company’s stock valued at $224,000 after acquiring an additional 733 shares during the last quarter. Yousif Capital Management LLC increased its position in Liberty Energy by 1.5% in the first quarter. Yousif Capital Management LLC now owns 62,536 shares of the company’s stock worth $990,000 after buying an additional 914 shares in the last quarter. Cooper Financial Group boosted its stake in shares of Liberty Energy by 10.9% in the first quarter. Cooper Financial Group now owns 11,641 shares of the company’s stock worth $184,000 after acquiring an additional 1,145 shares during the period. Finally, Empirical Finance LLC boosted its stake in shares of Liberty Energy by 2.2% in the fourth quarter. Empirical Finance LLC now owns 54,149 shares of the company’s stock worth $1,077,000 after acquiring an additional 1,185 shares during the period. 98.22% of the stock is currently owned by institutional investors.

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.