Wall Street Zen Upgrades Liberty Energy (NYSE:LBRT) to “Hold”

by · The Cerbat Gem

Liberty Energy (NYSE:LBRT – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities analysts have also recently issued reports on LBRT. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Liberty Energy in a report on Wednesday, October 8th. Stifel Nicolaus lowered their target price on Liberty Energy from $20.00 to $19.00 and set a “buy” rating for the company in a report on Monday, July 28th. Piper Sandler decreased their price target on Liberty Energy from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Finally, Barclays decreased their price target on Liberty Energy from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.05.

View Our Latest Report on LBRT

Liberty Energy Price Performance

Liberty Energy stock opened at $12.06 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.16. Liberty Energy has a 52 week low of $9.50 and a 52 week high of $23.58. The stock has a market capitalization of $1.95 billion, a P/E ratio of 9.27 and a beta of 0.74. The stock has a fifty day moving average of $11.47 and a 200-day moving average of $11.94.

Liberty Energy (NYSE:LBRT – Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Liberty Energy had a return on equity of 6.01% and a net margin of 5.29%.The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $0.64 EPS. Liberty Energy’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, sell-side analysts expect that Liberty Energy will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Liberty Energy

Several institutional investors and hedge funds have recently made changes to their positions in LBRT. Sourcerock Group LLC bought a new stake in shares of Liberty Energy during the 2nd quarter valued at about $23,653,000. Vanguard Group Inc. boosted its position in shares of Liberty Energy by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 18,443,909 shares of the company’s stock valued at $291,967,000 after purchasing an additional 1,128,491 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Liberty Energy by 285.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 1,114,559 shares of the company’s stock valued at $12,795,000 after purchasing an additional 825,759 shares in the last quarter. Callodine Capital Management LP boosted its position in shares of Liberty Energy by 203.3% during the 2nd quarter. Callodine Capital Management LP now owns 1,057,000 shares of the company’s stock valued at $12,134,000 after purchasing an additional 708,453 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Liberty Energy by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 6,093,383 shares of the company’s stock valued at $69,952,000 after purchasing an additional 584,774 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

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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