Liberty Energy (NYSE:LBRT) Upgraded at Seaport Res Ptn

Liberty Energy (NYSE:LBRT) was upgraded by Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research note issued on Sunday,Zacks.com reports. Seaport Res Ptn also issued estimates for Liberty Energy’s Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.45 EPS and FY2025 earnings at $1.55 EPS.

Several other research analysts also recently commented on the stock. Citigroup downgraded shares of Liberty Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $19.00 in a report on Friday, October 18th. Atb Cap Markets upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Stifel Nicolaus decreased their price objective on Liberty Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Monday. Barclays cut their target price on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Wells Fargo & Company decreased their price target on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Liberty Energy currently has a consensus rating of “Moderate Buy” and an average price target of $22.30.

Liberty Energy Stock Up 1.5 %

NYSE LBRT opened at $21.20 on Friday. Liberty Energy has a 12 month low of $16.57 and a 12 month high of $24.75. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.46 billion, a PE ratio of 10.10 and a beta of 1.66. The stock’s 50 day moving average is $18.39 and its 200 day moving average is $19.64.

Liberty Energy (NYSE:LBRT) last released its earnings results on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.10). Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm posted $0.85 EPS. Liberty Energy’s quarterly revenue was down 6.4% compared to the same quarter last year. Research analysts predict that Liberty Energy will post 1.72 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Energy

In other news, CEO Christopher A. Wright sold 12,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $17.44, for a total transaction of $209,280.00. Following the completion of the sale, the chief executive officer now directly owns 2,606,813 shares of the company’s stock, valued at approximately $45,462,818.72. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Stock sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $17.21, for a total transaction of $86,050.00. Following the completion of the transaction, the chief financial officer now directly owns 725,207 shares in the company, valued at $12,480,812.47. This represents a 0.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,973 shares of company stock valued at $1,471,335 in the last quarter. 3.60% of the stock is owned by insiders.

Institutional Trading of Liberty Energy

A number of large investors have recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Liberty Energy by 17.1% in the 3rd quarter. FMR LLC now owns 18,115,282 shares of the company’s stock worth $345,821,000 after buying an additional 2,640,119 shares during the period. Pacer Advisors Inc. lifted its stake in Liberty Energy by 15.9% in the third quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock worth $133,866,000 after acquiring an additional 963,068 shares during the period. State Street Corp grew its holdings in Liberty Energy by 2.7% during the 3rd quarter. State Street Corp now owns 6,662,830 shares of the company’s stock worth $127,193,000 after acquiring an additional 176,887 shares in the last quarter. Canoe Financial LP increased its position in Liberty Energy by 20.4% during the 3rd quarter. Canoe Financial LP now owns 4,124,695 shares of the company’s stock valued at $79,408,000 after purchasing an additional 699,500 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Liberty Energy by 17.6% in the 2nd quarter. American Century Companies Inc. now owns 3,961,415 shares of the company’s stock valued at $82,754,000 after purchasing an additional 594,051 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

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.