Atb Cap Markets Lowers Earnings Estimates for Liberty Energy

Liberty Energy Inc. (NYSE:LBRT - Free Report) - Equities researchers at Atb Cap Markets dropped their FY2024 EPS estimates for Liberty Energy in a note issued to investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now expects that the company will post earnings per share of $1.52 for the year, down from their previous forecast of $1.68. Atb Cap Markets has a "Strong-Buy" rating on the stock. The consensus estimate for Liberty Energy's current full-year earnings is $1.75 per share. Atb Cap Markets also issued estimates for Liberty Energy's Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.15 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.42 EPS, FY2026 earnings at $1.56 EPS and FY2027 earnings at $1.96 EPS.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.10). Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The business's quarterly revenue was down 6.4% on a year-over-year basis.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus reduced their price objective on Liberty Energy from $26.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, October 18th. Citigroup lowered Liberty Energy from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $25.00 to $19.00 in a report on Friday, October 18th. Royal Bank of Canada dropped their price objective on shares of Liberty Energy from $26.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, October 18th. Barclays reduced their target price on shares of Liberty Energy from $26.00 to $24.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Finally, Evercore ISI upgraded shares of Liberty Energy to a "strong-buy" rating in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.89.

Liberty Energy Price Performance

LBRT traded up $0.07 during trading on Thursday, reaching $19.17. The company's stock had a trading volume of 4,359,504 shares, compared to its average volume of 2,552,100. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 9.13 and a beta of 1.71. The firm has a fifty day simple moving average of $18.33 and a two-hundred day simple moving average of $20.06. Liberty Energy has a 1 year low of $16.57 and a 1 year high of $24.75. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On Liberty Energy

Several large investors have recently added to or reduced their stakes in LBRT. EdgeRock Capital LLC acquired a new position in shares of Liberty Energy in the second quarter worth $32,000. Covestor Ltd grew its stake in Liberty Energy by 96.8% during the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company's stock worth $33,000 after purchasing an additional 838 shares in the last quarter. Quarry LP grew its stake in Liberty Energy by 237.5% during the 3rd quarter. Quarry LP now owns 1,991 shares of the company's stock worth $38,000 after purchasing an additional 1,401 shares in the last quarter. nVerses Capital LLC increased its holdings in Liberty Energy by 45.0% during the 2nd quarter. nVerses Capital LLC now owns 2,900 shares of the company's stock worth $61,000 after purchasing an additional 900 shares during the period. Finally, GAMMA Investing LLC raised its position in Liberty Energy by 82.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company's stock valued at $61,000 after purchasing an additional 1,431 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Michael Stock sold 5,000 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $21.01, for a total transaction of $105,050.00. Following the completion of the transaction, the chief financial officer now directly owns 745,207 shares in the company, valued at $15,656,799.07. This trade represents a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $19.77, for a total value of $395,400.00. Following the completion of the transaction, the chief executive officer now directly owns 2,638,813 shares of the company's stock, valued at approximately $52,169,333.01. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,973 shares of company stock valued at $2,144,485. Company insiders own 3.60% of the company's stock.

Liberty Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.08 dividend. This is a positive change from Liberty Energy's previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, December 6th. Liberty Energy's dividend payout ratio is currently 15.24%.

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.