2 days Ago By ABMN Staff
Liberty Energy ( NYSE:LBRT – Get Free Report ) had its price target cut by research analysts at Stifel Nicolaus from $25.00 to $23.00 in a report released on Tuesday, Benzinga reports.
The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 100.87% from the stock’s previous close.
A number of other brokerages also recently issued reports on LBRT. Royal Bank of Canada downgraded Liberty Energy from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $24.00 to $19.
00 in a report on Monday, March 24th. Barclays lowered their target price on shares of Liberty Energy from $21.00 to $17.
00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Wells Fargo & Company reiterated an “equal weight” rating and set a $11.00 price target (down from $20.
00) on shares of Liberty Energy in a research note on Tuesday, April 8th. Citigroup upped their price objective on shares of Liberty Energy from $19.00 to $22.
00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, TD Cowen cut their target price on Liberty Energy from $18.00 to $16.
00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.
40. Check Out Our Latest Stock Report on Liberty Energy Liberty Energy Price Performance Liberty Energy ( NYSE:LBRT – Get Free Report ) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.
04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01.
The company had revenue of $977.46 million for the quarter, compared to analysts’ expectations of $960.64 million.
Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%.
During the same period last year, the firm earned $0.48 earnings per share. Equities analysts expect that Liberty Energy will post 0.
58 EPS for the current fiscal year. Insider Buying and Selling at Liberty Energy In related news, CFO Michael Stock sold 10,000 shares of Liberty Energy stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.
94, for a total value of $179,400.00. Following the transaction, the chief financial officer now directly owns 717,292 shares in the company, valued at $12,868,218.
48. This trade represents a 1.37 % decrease in their position.
The transaction was disclosed in a filing with the SEC, which is available at the SEC website . Company insiders own 1.90% of the company’s stock.
Institutional Trading of Liberty Energy Several hedge funds and other institutional investors have recently made changes to their positions in LBRT. HighTower Advisors LLC lifted its position in Liberty Energy by 70.2% in the third quarter.
HighTower Advisors LLC now owns 25,115 shares of the company’s stock valued at $475,000 after purchasing an additional 10,362 shares during the period. Stifel Financial Corp lifted its holdings in shares of Liberty Energy by 33.5% in the 3rd quarter.
Stifel Financial Corp now owns 145,849 shares of the company’s stock valued at $2,784,000 after buying an additional 36,573 shares during the period. Barclays PLC boosted its stake in shares of Liberty Energy by 197.9% in the third quarter.
Barclays PLC now owns 286,661 shares of the company’s stock valued at $5,471,000 after buying an additional 190,445 shares in the last quarter. Geode Capital Management LLC grew its holdings in Liberty Energy by 5.8% during the third quarter.
Geode Capital Management LLC now owns 3,779,906 shares of the company’s stock worth $72,173,000 after acquiring an additional 207,527 shares during the period. Finally, Sanctuary Advisors LLC raised its position in Liberty Energy by 11.3% in the third quarter.
Sanctuary Advisors LLC now owns 31,077 shares of the company’s stock worth $590,000 after acquiring an additional 3,160 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.
About Liberty Energy ( 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. See Also Receive News & Ratings for Liberty Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Energy and related companies with MarketBeat.
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