Liberty Energy Inc. (NYSE:LBRT) Plans Quarterly Dividend of $0.09

Key Points

• Liberty Energy Inc. announced a quarterly dividend of $0.09 per share, a 12.5% increase from the previous dividend of $0.08, to be paid on December 18th.
• The company's dividend payout ratio stands at 69.6%, indicating that earnings sufficiently cover the dividend, with analysts projecting an EPS of $1.24 for next year.
• Liberty Energy's current stock performance includes a market capitalization of $1.98 billion with a PE ratio of 9.42, alongside a 52-week price range of $9.50 to $23.58.

Liberty Energy Inc. (NYSE:LBRT - Get Free Report) announced a quarterly dividend on Tuesday, October 14th. Shareholders of record on Thursday, December 4th will be paid a dividend of 0.09 per share on Thursday, December 18th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, December 4th. This is a 12.5% increase from Liberty Energy's previous quarterly dividend of $0.08.

Liberty Energy has a dividend payout ratio of 69.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Liberty Energy to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 25.8%.

Liberty Energy Stock Performance

Shares of LBRT opened at $12.24 on Wednesday. The company has a market capitalization of $1.98 billion, a PE ratio of 9.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.16. The company's 50 day moving average price is $11.49 and its 200 day moving average price is $11.91. Liberty Energy has a 52 week low of $9.50 and a 52 week high of $23.58.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.02). The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.01 billion. Liberty Energy had a net margin of 5.29% and a return on equity of 6.01%. The business's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. Research analysts expect that Liberty Energy will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LBRT has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of Liberty Energy from $20.00 to $19.00 and set a "buy" rating for the company in a report on Monday, July 28th. Wall Street Zen upgraded Liberty Energy from a "sell" rating to a "hold" rating in a research note on Saturday. Weiss Ratings reissued a "hold (c-)" rating on shares of Liberty Energy in a report on Wednesday, October 8th. Piper Sandler cut their target price on Liberty Energy from $14.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Finally, Barclays restated an "equal weight" rating and issued a $12.00 price objective (down previously from $14.00) on shares of Liberty Energy in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $14.85.

Liberty Energy Company Profile

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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