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

Liberty Energy (NYSE:LBRT) had its price objective dropped by stock analysts at Stifel Nicolaus from $26.00 to $25.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 39.51% from the stock’s previous close.

LBRT has been the subject of a number of other reports. Citigroup downgraded shares of Liberty Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $19.00 in a research report on Friday. Piper Sandler reduced their price objective on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. Royal Bank of Canada reduced their price objective on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday. Barclays reduced their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, TD Cowen reduced their price objective on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.70.

Liberty Energy Stock Down 2.1 %

Shares of NYSE:LBRT traded down $0.38 during midday trading on Friday, hitting $17.92. 549,336 shares of the company’s stock were exchanged, compared to its average volume of 2,485,713. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 1.07. The stock has a 50 day moving average price of $20.08 and a 200-day moving average price of $21.34. The company has a market cap of $2.99 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 1.20 and a beta of 1.68. Liberty Energy has a 12 month low of $16.69 and a 12 month high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). Liberty Energy had a return on equity of 22.85% and a net margin of 9.53%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, sell-side analysts anticipate that Liberty Energy will post 2.14 EPS for the current fiscal year.

Insider Activity at Liberty Energy

In related news, CEO Christopher A. Wright sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $19.91, for a total transaction of $398,200.00. Following the sale, the chief executive officer now directly owns 2,678,813 shares in the company, valued at approximately $53,335,166.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Michael Stock sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $19.23, for a total transaction of $288,450.00. Following the sale, the chief financial officer now directly owns 730,207 shares in the company, valued at approximately $14,041,880.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher A. Wright sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $19.91, for a total transaction of $398,200.00. Following the sale, the chief executive officer now owns 2,678,813 shares in the company, valued at $53,335,166.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,000 shares of company stock worth $1,945,650. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Energy

Several institutional investors and hedge funds have recently bought and sold shares of LBRT. Lord Abbett & CO. LLC bought a new position in Liberty Energy in the 1st quarter valued at $27,809,000. Hennessy Advisors Inc. boosted its holdings in Liberty Energy by 48.0% in the 2nd quarter. Hennessy Advisors Inc. now owns 1,981,100 shares of the company’s stock valued at $41,385,000 after purchasing an additional 642,700 shares during the period. American Century Companies Inc. boosted its holdings in 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 during the period. LSV Asset Management boosted its holdings in Liberty Energy by 60.2% in the 1st quarter. LSV Asset Management now owns 1,437,041 shares of the company’s stock valued at $29,775,000 after purchasing an additional 539,861 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in Liberty Energy by 345.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 573,200 shares of the company’s stock valued at $11,974,000 after purchasing an additional 444,500 shares during the period. 98.22% of the stock is currently owned by hedge funds and other 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.