Liberty Energy (NYSE:LBRT - Get Free Report) issued its earnings results on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.06), Zacks reports. Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%.
Liberty Energy Price Performance
LBRT traded up $0.58 during trading on Wednesday, reaching $20.63. The stock had a trading volume of 4,153,680 shares, compared to its average volume of 2,854,552. The stock has a 50 day moving average of $19.77 and a two-hundred day moving average of $19.79. 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 firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 9.82 and a beta of 1.66. Liberty Energy has a 1-year low of $16.57 and a 1-year high of $24.75.
Liberty Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.55%. Liberty Energy's dividend payout ratio is presently 15.24%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on LBRT. The Goldman Sachs Group assumed coverage on Liberty Energy in a research report on Friday, December 13th. They set a "neutral" rating and a $19.00 price target on the stock. Royal Bank of Canada reduced their price target 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. Citigroup increased their price objective on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Stifel Nicolaus cut their price objective on shares of Liberty Energy from $25.00 to $23.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Atb Cap Markets upgraded shares of Liberty Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $22.20.
Get Our Latest Report on LBRT
Insider Activity
In other news, CEO Christopher A. Wright sold 2,037 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $18.15, for a total transaction of $36,971.55. Following the completion of the sale, the chief executive officer now directly owns 2,578,813 shares of the company's stock, valued at $46,805,455.95. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Stock sold 5,000 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $17.21, for a total value of $86,050.00. Following the sale, the chief financial officer now directly owns 725,207 shares in the company, valued at $12,480,812.47. This trade represents a 0.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,973 shares of company stock worth $1,586,335. 3.60% of the stock is owned by company insiders.
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.
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