Liberty Energy (LBRT) Receives a Buy from UBS

In a report released today, Josh Silverstein from UBS reiterated a Buy rating on Liberty Energy, with a price target of $40.00.

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According to TipRanks, Silverstein is a 5-star analyst with an average return of 13.3% and a 65.16% success rate. Silverstein covers the Energy sector, focusing on stocks such as Ovintiv, APA, and Occidental Petroleum.

In addition to UBS, Liberty Energy also received a Buy from Bank of America Securities’s Saurabh Pant in a report issued on May 19. However, on May 8, Barclays assigned a Hold rating to Liberty Energy (NYSE: LBRT).

Based on Liberty Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.02 billion and a net profit of $22.56 million. In comparison, last year the company earned a revenue of $977.46 million and had a net profit of $20.11 million

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LBRT in relation to earlier this year. Earlier this month, William Kimble, the COB of LBRT sold 7,350.00 shares for a total of $249,312.00.