Liberty Energy (NYSE:LBRT) CAO Ryan Gosney Buys 3,000 Shares of Stock

by · The Markets Daily

Liberty Energy Inc. (NYSE:LBRT – Get Free Report) CAO Ryan Gosney purchased 3,000 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was acquired at an average cost of $15.00 per share, for a total transaction of $45,000.00. Following the transaction, the chief accounting officer owned 236,327 shares of the company’s stock, valued at approximately $3,544,905. This trade represents a 1.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Liberty Energy Price Performance

NYSE:LBRT traded down $1.85 during mid-day trading on Thursday, hitting $11.29. 9,707,567 shares of the stock traded hands, compared to its average volume of 4,337,165. The business’s 50-day moving average price is $18.41 and its 200 day moving average price is $24.52. The company has a quick ratio of 1.09, a current ratio of 1.30 and a debt-to-equity ratio of 0.75. The company has a market cap of $1.84 billion, a PE ratio of 47.06, a price-to-earnings-growth ratio of 3.44 and a beta of 0.72. Liberty Energy Inc. has a 12-month low of $11.24 and a 12-month high of $34.48.

Liberty Energy (NYSE:LBRT – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Liberty Energy had a net margin of 0.91% and a return on equity of 2.13%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm earned ($0.06) EPS. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, analysts expect that Liberty Energy Inc. will post 0.21 EPS for the current fiscal year.

Liberty Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, December 4th. This is an increase from Liberty Energy’s previous quarterly dividend of $0.09. Liberty Energy’s dividend payout ratio is currently 166.67%.

Hedge Funds Weigh In On Liberty Energy

A number of hedge funds have recently bought and sold shares of LBRT. Root Financial Partners LLC lifted its stake in Liberty Energy by 79.6% during the 1st quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock valued at $26,000 after acquiring an additional 405 shares during the period. Valued Wealth Advisors LLC purchased a new stake in shares of Liberty Energy during the 1st quarter valued at about $26,000. Reyes Financial Architecture Inc. bought a new stake in shares of Liberty Energy in the third quarter worth approximately $27,000. Summit Securities Group LLC bought a new stake in shares of Liberty Energy in the first quarter worth approximately $28,000. Finally, Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Liberty Energy by 36.8% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,862 shares of the company’s stock valued at $52,000 after purchasing an additional 770 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LBRT shares. Zacks Research cut Liberty Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Barclays cut their price objective on Liberty Energy from $27.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, October 26th. The Goldman Sachs Group set a $23.00 target price on Liberty Energy in a research note on Friday, August 7th. Morgan Stanley decreased their target price on Liberty Energy from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, October 14th. Finally, Citigroup raised their target price on shares of Liberty Energy from $27.50 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 26th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.42.

View Our Latest Analysis on Liberty Energy

About Liberty Energy

(Get Free Report)

Liberty Energy Inc is an oilfield services company that provides completion and production services to exploration and production companies. Its primary business is hydraulic fracturing, a well-stimulation technique used to improve the flow of oil and natural gas from unconventional reservoirs.

The company also offers wireline services, well diagnostics, frac data analysis, engineering support, and related technologies designed to help customers plan, execute, and evaluate well-completion operations.

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