Liberty Energy (NYSE:LBRT) PT Raised to $27.00 at Barclays

Liberty Energy (NYSE:LBRT) had its price target lifted by investment analysts at Barclays from $25.00 to $27.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 21.02% from the stock’s previous close.

Other analysts have also recently issued reports about the company. TD Cowen raised their price target on Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Friday. Bank of America boosted their target price on Liberty Energy from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday. Piper Sandler upped their target price on shares of Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Wells Fargo & Company lifted their price target on shares of Liberty Energy from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Morgan Stanley upped their price objective on shares of Liberty Energy from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.10.

Liberty Energy Stock Up 1.0 %

Shares of NYSE LBRT traded up $0.21 during midday trading on Friday, hitting $22.31. The company’s stock had a trading volume of 736,812 shares, compared to its average volume of 2,937,576. Liberty Energy has a 1 year low of $11.62 and a 1 year high of $23.31. The business’s fifty day simple moving average is $21.15 and its two-hundred day simple moving average is $19.65. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.04 and a beta of 1.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.49 and a quick ratio of 1.17.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings results on Thursday, April 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Liberty Energy had a return on equity of 26.90% and a net margin of 10.43%. Liberty Energy’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. On average, equities analysts predict that Liberty Energy will post 2.64 EPS for the current year.

Insider Buying and Selling at Liberty Energy

In other news, CEO Christopher A. Wright sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.27, for a total transaction of $405,400.00. Following the completion of the transaction, the chief executive officer now directly owns 2,830,402 shares of the company’s stock, valued at approximately $57,372,248.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director William F. Kimble sold 12,459 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $21.55, for a total transaction of $268,491.45. Following the transaction, the director now directly owns 69,963 shares in the company, valued at $1,507,702.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $20.27, for a total value of $405,400.00. Following the completion of the sale, the chief executive officer now owns 2,830,402 shares of the company’s stock, valued at approximately $57,372,248.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,459 shares of company stock valued at $2,077,491. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Liberty Energy

Several hedge funds have recently modified their holdings of the stock. EdgeRock Capital LLC purchased a new stake in Liberty Energy during the fourth quarter valued at about $27,000. Principal Securities Inc. acquired a new position in Liberty Energy during the fourth quarter valued at approximately $39,000. Quadrant Capital Group LLC grew its stake in Liberty Energy by 70.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,909 shares of the company’s stock worth $53,000 after buying an additional 1,206 shares during the period. Quarry LP increased its position in shares of Liberty Energy by 111.0% in the second quarter. Quarry LP now owns 3,965 shares of the company’s stock worth $53,000 after acquiring an additional 2,086 shares in the last quarter. Finally, KBC Group NV purchased a new position in shares of Liberty Energy in the 4th quarter valued at $55,000. 98.22% of the stock is owned by institutional investors and hedge funds.

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.