Liberty Energy (NYSE:LBRT) Receives “Equal Weight” Rating from Wells Fargo & Company

Liberty Energy (NYSE:LBRT)‘s stock had its “equal weight” rating restated by Wells Fargo & Company in a research note issued on Tuesday, Marketbeat reports. They currently have a $11.00 target price on the stock, down from their prior target price of $20.00. Wells Fargo & Company‘s target price points to a potential downside of 5.66% from the company’s current price.

Other analysts have also issued reports about the stock. TD Cowen cut their price target on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group began coverage on Liberty Energy in a report on Friday, December 13th. They issued a “neutral” rating and a $19.00 price target for the company. Citigroup increased their price objective on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Atb Cap Markets upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada cut Liberty Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $24.00 to $19.00 in a research note on Monday, March 24th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.80.

Liberty Energy Trading Up 16.6 %

Shares of LBRT stock opened at $11.66 on Tuesday. The company’s 50-day moving average price is $15.58 and its 200-day moving average price is $17.97. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 6.24 and a beta of 1.18. Liberty Energy has a twelve month low of $9.50 and a twelve month high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. As a group, equities analysts predict that Liberty Energy will post 0.58 earnings per share for the current year.

Insider Buying and Selling at Liberty Energy

In other news, CFO Michael Stock sold 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.94, for a total value of $179,400.00. Following the sale, the chief financial officer now directly owns 717,292 shares in the company, valued at $12,868,218.48. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Liberty Energy

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Liberty Energy by 1,279.1% during the first quarter. GAMMA Investing LLC now owns 17,983 shares of the company’s stock worth $285,000 after purchasing an additional 16,679 shares during the last quarter. Palogic Value Management L.P. acquired a new stake in Liberty Energy during the 4th quarter worth about $1,492,000. Alpha Wealth Funds LLC acquired a new stake in Liberty Energy during the 4th quarter worth about $728,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Liberty Energy in the 4th quarter valued at about $3,365,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Liberty Energy by 5.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,798 shares of the company’s stock valued at $6,739,000 after buying an additional 17,440 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

About Liberty Energy

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.