Insider Selling: Liberty Energy Inc. (NYSE:LBRT) CFO Sells 5,000 Shares of Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 5,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $23.00, for a total value of $115,000.00. Following the transaction, the chief financial officer now owns 675,207 shares of the company’s stock, valued at approximately $15,529,761. The trade was a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Michael Stock also recently made the following trade(s):

• On Thursday, January 2nd, Michael Stock sold 20,000 shares of Liberty Energy stock. The stock was sold at an average price of $20.82, for a total value of $416,400.00.
• On Monday, December 30th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $19.51, for a total transaction of $97,550.00.
• On Monday, December 2nd, Michael Stock sold 10,000 shares of Liberty Energy stock. The shares were sold at an average price of $18.49, for a total transaction of $184,900.00.
• On Wednesday, November 6th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $18.45, for a total transaction of $92,250.00.
• On Friday, November 1st, Michael Stock sold 5,000 shares of Liberty Energy stock. The shares were sold at an average price of $17.21, for a total value of $86,050.00.

Liberty Energy Trading Down 2.0 %

Shares of NYSE:LBRT opened at $22.67 on Friday. Liberty Energy Inc. has a 12-month low of $16.57 and a 12-month high of $24.75. The business has a 50 day moving average of $19.18 and a 200-day moving average of $19.74. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.70 billion, a PE ratio of 10.79 and a beta of 1.66.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.10). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, equities research analysts forecast that Liberty Energy Inc. will post 1.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

LBRT has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price target on Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Wells Fargo & Company lowered their target price on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Evercore ISI raised shares of Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Atb Cap Markets raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus dropped their target price on shares of Liberty Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Liberty Energy presently has an average rating of “Moderate Buy” and an average target price of $22.20.

Institutional Investors Weigh In On Liberty Energy

A number of hedge funds and other institutional investors have recently modified their holdings of LBRT. Janney Montgomery Scott LLC bought a new position in Liberty Energy during the fourth quarter worth about $311,000. Park Avenue Securities LLC increased its stake in Liberty Energy by 5.0% during the 4th quarter. Park Avenue Securities LLC now owns 29,700 shares of the company’s stock worth $591,000 after acquiring an additional 1,423 shares during the period. Harbour Capital Advisors LLC bought a new stake in shares of Liberty Energy during the 4th quarter valued at $498,000. Cooper Financial Group acquired a new stake in shares of Liberty Energy during the 4th quarter worth $209,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of Liberty Energy by 0.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company’s stock worth $1,635,000 after purchasing an additional 708 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.