Liberty Energy Inc. (NYSE:LBRT - Get Free Report) insider R Sean Elliott sold 20,000 shares of the company's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $23.10, for a total value of $462,000.00. Following the transaction, the insider now directly owns 259,108 shares in the company, valued at approximately $5,985,394.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Liberty Energy Trading Down 4.7 %
Liberty Energy stock opened at $22.01 on Wednesday. Liberty Energy Inc. has a 52 week low of $11.62 and a 52 week high of $23.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.48. The stock has a market capitalization of $3.67 billion, a P/E ratio of 8.03, a PEG ratio of 1.16 and a beta of 1.85. The stock has a 50-day simple moving average of $21.52 and a 200 day simple moving average of $19.95.
Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The company's revenue for the quarter was down 12.8% on a year-over-year basis. Analysts expect that Liberty Energy Inc. will post 2.53 earnings per share for the current year.
Liberty Energy Dividend Announcement
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Wednesday, June 5th. Liberty Energy's dividend payout ratio is presently 10.22%.
Institutional Investors Weigh In On Liberty Energy
A number of institutional investors have recently made changes to their positions in LBRT. CWM LLC boosted its holdings in shares of Liberty Energy by 59.7% during the third quarter. CWM LLC now owns 3,166 shares of the company's stock worth $59,000 after acquiring an additional 1,183 shares during the period. Maryland State Retirement & Pension System bought a new stake in shares of Liberty Energy during the third quarter worth approximately $1,058,000. Dakota Wealth Management bought a new stake in shares of Liberty Energy during the third quarter worth approximately $223,000. Raymond James & Associates boosted its holdings in shares of Liberty Energy by 3.1% during the third quarter. Raymond James & Associates now owns 65,178 shares of the company's stock worth $1,207,000 after acquiring an additional 1,943 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Liberty Energy by 53.1% in the third quarter. Bank of New York Mellon Corp now owns 2,244,480 shares of the company's stock valued at $41,568,000 after buying an additional 778,111 shares in the last quarter. Institutional investors own 98.22% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on LBRT shares. Barclays raised their price target on Liberty Energy from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. Wells Fargo & Company lifted their price target on Liberty Energy from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Friday, April 19th. TD Cowen lifted 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, April 19th. Royal Bank of Canada raised their price objective on Liberty Energy from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Friday, April 19th. Finally, Piper Sandler raised their price objective on Liberty Energy from $27.00 to $28.00 and gave the company an "overweight" rating in a report on Friday, January 26th. Five equities research 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.30.
Check Out Our Latest Research Report on Liberty Energy
Liberty Energy Company Profile
(
Get Free Report)
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.
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