Liberty Energy (NYSE:LBRT) Given New $25.00 Price Target at Stifel Nicolaus

Liberty Energy (NYSE:LBRT) had its price objective boosted by Stifel Nicolaus from $23.00 to $25.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

LBRT has been the topic of several other reports. Royal Bank of Canada lowered their target price on Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Wells Fargo & Company lowered their price objective on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday. TD Cowen cut their price objective on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Citigroup lifted their target price on shares of Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Liberty Energy in a report on Friday, December 13th. They set a “neutral” rating and a $19.00 price target for the company. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.30.

Liberty Energy Trading Down 4.6 %

NYSE:LBRT opened at $18.30 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Liberty Energy has a 52-week low of $16.57 and a 52-week high of $24.75. The stock’s 50 day moving average price is $19.83 and its 200 day moving average price is $19.77. The company has a market capitalization of $2.99 billion, a PE ratio of 9.79 and a beta of 1.66.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.37%. On average, research analysts anticipate that Liberty Energy will post 0.9 EPS for the current year.

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.75%. Liberty Energy’s dividend payout ratio is currently 17.11%.

Insider Activity at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 2,936 shares of Liberty Energy stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $19.16, for a total value of $56,253.76. Following the completion of the sale, the chief executive officer now owns 2,543,877 shares in the company, valued at $48,740,683.32. The trade was a 0.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Stock sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $23.00, for a total transaction of $115,000.00. Following the transaction, the chief financial officer now directly owns 675,207 shares of the company’s stock, valued at approximately $15,529,761. This represents a 0.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,973 shares of company stock valued at $1,500,285. 3.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Liberty Energy

Several institutional investors and hedge funds have recently bought and sold shares of LBRT. Covestor Ltd grew its stake in shares of Liberty Energy by 96.8% during the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after buying an additional 838 shares during the period. Quarry LP boosted its holdings in Liberty Energy by 237.5% in the third quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after acquiring an additional 1,401 shares during the last quarter. Blue Trust Inc. grew its position in Liberty Energy by 604.9% during the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock valued at $47,000 after acquiring an additional 2,111 shares during the period. Spire Wealth Management acquired a new stake in Liberty Energy during the fourth quarter worth about $60,000. Finally, GAMMA Investing LLC raised its holdings in shares of Liberty Energy by 82.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock worth $61,000 after purchasing an additional 1,431 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

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.