In yesterday’s Wall Street session, Liberty Energy Inc (NYSE:LBRT) shares traded at $19.63, down -2.77% from the previous session.
As of this writing, 16 analysts cover Liberty Energy Inc (NYSE:LBRT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $20.00, we find $25.00. Given the previous closing price of $20.19, this indicates a potential upside of 23.82 percent. LBRT stock price is now 10.26% away from the 50-day moving average and 29.91% away from the 200-day moving average. The market capitalization of the company currently stands at $3.31B.
There are 8 analysts who have given it a hold rating, whereas 7 have given it a buy rating. Brokers who have rated the stock have averaged $24.25 as their price target over the next twelve months.
With the price target reduced from $20 to $17, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Liberty Energy Inc (NYSE: LBRT).
In other news, Gusek Ron, President sold 27,140 shares of the company’s stock on Oct 24. The stock was sold for $561,798 at an average price of $20.70. Upon completion of the transaction, the President now directly owns 1,174,504 shares in the company, valued at $23.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 23, President Gusek Ron sold 50,000 shares of the business’s stock. A total of $1,024,500 was realized by selling the stock at an average price of $20.49. This leaves the insider owning 1,201,644 shares of the company worth $23.59 million. Insiders disposed of 1,044,571 shares of company stock worth roughly $20.5 million over the past 1 year. A total of 3.54% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LBRT stock. A new stake in Liberty Energy Inc shares was purchased by NORGES BANK during the first quarter worth $18,825,000. EPOCH INVESTMENT PARTNERS, INC. invested $17,098,000 in shares of LBRT during the first quarter. In the first quarter, COMERICA BANK acquired a new stake in Liberty Energy Inc valued at approximately $14,300,000. EA SERIES TRUST acquired a new stake in LBRT for approximately $6,659,000. LSV ASSET MANAGEMENT purchased a new stake in LBRT valued at around $2,831,000 in the second quarter. In total, there are 346 active investors with 93.64% ownership of the company’s stock.
Thursday morning saw Liberty Energy Inc (NYSE: LBRT) opened at $19.93. During the past 12 months, Liberty Energy Inc has had a low of $11.18 and a high of $21.25. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 1.34, and a quick ratio of 1.08. According to the stock market information, the enterprise value for the company is $3.73B, which is based on a 5.70 price-to-earnings ratio, a 0.46 price-to-earnings-growth ratio, and a beta of 2.04. The fifty day moving average price for LBRT is $17.88 and a two-hundred day moving average price translates $15.13 for the stock.
The latest earnings results from Liberty Energy Inc (NYSE: LBRT) was released for Sep, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.84, beating analysts’ expectations of $0.75 by 0.09. This compares to $0.78 EPS in the same period last year. The net profit margin was 12.59% and return on equity was 38.63% for LBRT. The company reported revenue of $1.22 billion for the quarter, compared to $1.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.33 percent. For the current quarter, analysts expect LBRT to generate $1.09B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/20/2023. Investors who held shares on 12/06/2023 were paid a $0.07 dividend. On an annualized basis, this represents a $0.22 dividend and a 1.12% percent yield. There was an ex-dividend date of 12/05/2023 for this dividend. In terms of dividend payout ratio, LBRT is presently at 2.36%.
Liberty Energy Inc(LBRT) 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, data analytics, related goods, and technologies; and other services comprising design and pump diagnostic fracture injection test, DFIT and mini-frac analysis, and laboratory services, such as fluid rheology, surfactant, clay control, scaling and biocide testing. It owns and operate two sand mines in the Permian Basin; and fleet of approximately 40 active hydraulic fracturing. In addition, the company provides services primarily in Permian Basin, the Eagle Ford Shale, the DJ Basin, the Williston Basin, the San Juan Basin, the Powder River Basin, the Haynesville Shale, the SCOOP/STACK, the Marcellus Shale, Utica Shale, and the Western Canadian Sedimentary Basin. Liberty Energy Inc. was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. The company was founded in 2011 and is headquartered in Denver, Colorado.
