Analysts’ Weekly Ratings Updates for Liberty Energy (LBRT)

Liberty Energy (NYSE: LBRT) recently received a number of ratings updates from brokerages and research firms:

• 10/18/2024 – Liberty Energy had its price target lowered by analysts at Wells Fargo & Company from $25.00 to $24.00. They now have an “overweight” rating on the stock.
• 10/18/2024 – Liberty Energy had its price target lowered by analysts at Royal Bank of Canada from $26.00 to $23.00. They now have an “outperform” rating on the stock.
• 10/18/2024 – Liberty Energy was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $19.00 price target on the stock, down previously from $25.00.
• 10/18/2024 – Liberty Energy had its price target lowered by analysts at Stifel Nicolaus from $26.00 to $25.00. They now have a “buy” rating on the stock.
• 10/17/2024 – Liberty Energy was upgraded by analysts at Evercore ISI to a “strong-buy” rating.
• 10/17/2024 – Liberty Energy was downgraded by analysts at Atb Cap Markets from a “strong-buy” rating to a “hold” rating.
• 10/16/2024 – Liberty Energy had its price target lowered by analysts at Barclays PLC from $26.00 to $24.00. They now have an “overweight” rating on the stock.
• 10/11/2024 – Liberty Energy had its price target lowered by analysts at Stifel Nicolaus from $27.00 to $26.00. They now have a “buy” rating on the stock.
• 10/3/2024 – Liberty Energy had its price target lowered by analysts at Citigroup Inc. from $28.00 to $25.00. They now have a “buy” rating on the stock.

Liberty Energy Price Performance

NYSE:LBRT traded down $0.63 during trading hours on Thursday, hitting $18.37. 399,563 shares of the company’s stock traded hands, compared to its average volume of 2,500,059. Liberty Energy Inc. has a 52 week low of $16.57 and a 52 week high of $24.75. The business’s fifty day simple moving average is $19.25 and its two-hundred day simple moving average is $20.88. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.00 billion, a P/E ratio of 8.75 and a beta of 1.70.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. On average, research analysts anticipate that Liberty Energy Inc. will post 1.75 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.74%. This is a boost from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, December 6th. Liberty Energy’s dividend payout ratio (DPR) is currently 13.33%.

Insider Buying and Selling

In related news, CFO Michael Stock sold 5,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $17.21, for a total transaction of $86,050.00. Following the transaction, the chief financial officer now owns 725,207 shares of the company’s stock, valued at approximately $12,480,812.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Liberty Energy news, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $17.21, for a total value of $86,050.00. Following the transaction, the chief financial officer now directly owns 725,207 shares of the company’s stock, valued at $12,480,812.47. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $19.77, for a total value of $395,400.00. Following the completion of the sale, the chief executive officer now owns 2,638,813 shares of the company’s stock, valued at $52,169,333.01. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,000 shares of company stock worth $1,573,300 in the last quarter. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Liberty Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. EdgeRock Capital LLC purchased a new stake in shares of Liberty Energy in the 2nd quarter worth about $32,000. Covestor Ltd lifted its holdings in Liberty Energy by 96.8% in the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after buying an additional 838 shares during the period. GAMMA Investing LLC lifted its holdings in Liberty Energy by 69.2% in the second quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock worth $36,000 after buying an additional 713 shares during the period. nVerses Capital LLC boosted its position in Liberty Energy by 45.0% during the 2nd quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after acquiring an additional 900 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Liberty Energy by 93.2% during the 3rd quarter. US Bancorp DE now owns 4,180 shares of the company’s stock worth $80,000 after acquiring an additional 2,016 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

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.