Liberty Energy (NYSE:LBRT) Lowered to “Sell” Rating by Wall Street Zen

by · The Markets Daily

Wall Street Zen cut shares of Liberty Energy (NYSE:LBRT – Free Report) from a hold rating to a sell rating in a report released on Sunday morning.

Several other equities analysts have also commented on the stock. Piper Sandler reduced their target price on shares of Liberty Energy from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Stifel Nicolaus reduced their target price on shares of Liberty Energy from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Liberty Energy in a report on Wednesday, October 8th. Finally, Barclays reaffirmed an “equal weight” rating and set a $12.00 target price (down previously from $14.00) on shares of Liberty Energy in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Liberty Energy presently has a consensus rating of “Hold” and a consensus target price of $14.85.

View Our Latest Stock Analysis on LBRT

Liberty Energy Stock Performance

Liberty Energy stock opened at $15.36 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.05 and a current ratio of 1.32. Liberty Energy has a fifty-two week low of $9.50 and a fifty-two week high of $23.58. The firm’s fifty day moving average price is $11.61 and its 200-day moving average price is $11.85. The stock has a market cap of $2.49 billion, a P/E ratio of 13.72 and a beta of 0.74.

Liberty Energy (NYSE:LBRT – Get Free Report) last released its earnings results on Thursday, October 16th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Liberty Energy had a net margin of 4.76% and a return on equity of 1.69%. The business had revenue of $947.40 million for the quarter, compared to the consensus estimate of $967.05 million. During the same period in the prior year, the business posted $0.45 EPS. Liberty Energy’s revenue for the quarter was down 16.8% on a year-over-year basis. On average, equities research analysts expect that Liberty Energy will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a $0.09 dividend. This is a boost from Liberty Energy’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, December 4th. Liberty Energy’s dividend payout ratio is 28.57%.

Institutional Investors Weigh In On Liberty Energy

Several hedge funds have recently modified their holdings of LBRT. Sourcerock Group LLC acquired a new stake in shares of Liberty Energy in the second quarter worth approximately $23,653,000. Vanguard Group Inc. raised its holdings in Liberty Energy by 6.5% in the first quarter. Vanguard Group Inc. now owns 18,443,909 shares of the company’s stock valued at $291,967,000 after buying an additional 1,128,491 shares during the period. Bridgeway Capital Management LLC raised its holdings in Liberty Energy by 285.9% in the second quarter. Bridgeway Capital Management LLC now owns 1,114,559 shares of the company’s stock valued at $12,795,000 after buying an additional 825,759 shares during the period. Callodine Capital Management LP raised its holdings in Liberty Energy by 203.3% in the second quarter. Callodine Capital Management LP now owns 1,057,000 shares of the company’s stock valued at $12,134,000 after buying an additional 708,453 shares during the period. Finally, American Century Companies Inc. raised its holdings in Liberty Energy by 10.6% in the second quarter. American Century Companies Inc. now owns 6,093,383 shares of the company’s stock valued at $69,952,000 after buying an additional 584,774 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

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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