Liberty Energy Inc. (NYSE:LBRT - Free Report) - Equities researchers at Atb Cap Markets reduced their FY2024 EPS estimates for shares of Liberty Energy in a research report issued on Thursday, October 17th. Atb Cap Markets analyst W. Syed now anticipates that the company will earn $1.68 per share for the year, down from their prior forecast of $1.93. Atb Cap Markets currently has a "Hold" rating on the stock. The consensus estimate for Liberty Energy's current full-year earnings is $2.14 per share. Atb Cap Markets also issued estimates for Liberty Energy's Q1 2026 earnings at $0.29 EPS, Q2 2026 earnings at $0.43 EPS and Q3 2026 earnings at $0.48 EPS.
Liberty Energy (NYSE:LBRT - Get Free Report) last issued its 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 9.53% and a return on equity of 22.85%. The business's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share.
Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada reduced their target price on shares of Liberty Energy from $26.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday. Barclays decreased their price target on Liberty Energy from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Citigroup cut shares of Liberty Energy from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $25.00 to $19.00 in a research note on Friday. Piper Sandler reduced their price target on shares of Liberty Energy from $28.00 to $25.00 and set an "overweight" rating for the company in a research report on Monday, July 15th. Finally, TD Cowen lowered their price objective on Liberty Energy from $21.00 to $20.00 and set a "hold" rating on the stock in a research report on Friday, July 19th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Liberty Energy presently has a consensus rating of "Moderate Buy" and an average target price of $22.70.
Check Out Our Latest Stock Report on LBRT
Liberty Energy Stock Performance
Liberty Energy stock traded down $0.16 during midday trading on Monday, reaching $17.54. The stock had a trading volume of 3,592,190 shares, compared to its average volume of 2,514,223. The firm has a market capitalization of $2.92 billion, a PE ratio of 6.46, a P/E/G ratio of 1.20 and a beta of 1.68. Liberty Energy has a 12 month low of $16.69 and a 12 month high of $24.75. The company has a quick ratio of 1.07, a current ratio of 1.35 and a debt-to-equity ratio of 0.17. The firm's 50-day moving average price is $20.03 and its 200 day moving average price is $21.31.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Well Done LLC raised its position in Liberty Energy by 14.3% during the 3rd quarter. Well Done LLC now owns 16,028 shares of the company's stock valued at $306,000 after purchasing an additional 2,003 shares during the last quarter. AlphaMark Advisors LLC bought a new position in shares of Liberty Energy during the third quarter valued at approximately $293,000. nVerses Capital LLC lifted its stake in Liberty Energy by 279.3% in the third quarter. nVerses Capital LLC now owns 11,000 shares of the company's stock worth $210,000 after acquiring an additional 8,100 shares during the period. Creative Planning boosted its holdings in Liberty Energy by 3.7% in the third quarter. Creative Planning now owns 19,456 shares of the company's stock valued at $371,000 after acquiring an additional 703 shares in the last quarter. Finally, Wesbanco Bank Inc. purchased a new position in Liberty Energy during the 3rd quarter valued at $1,071,000. 98.22% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $19.77, for a total transaction of $395,400.00. Following 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Michael Stock sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $21.01, for a total transaction of $105,050.00. Following 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction that occurred on Wednesday, October 2nd. The stock was 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 in the company, valued at $52,169,333.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock worth $1,945,650 in the last quarter. 3.60% of the stock is owned by insiders.
Liberty Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.82%. This is a boost from Liberty Energy's previous quarterly dividend of $0.07. The ex-dividend date is Friday, December 6th. Liberty Energy's dividend payout ratio (DPR) is currently 11.68%.
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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