Liberty Energy (LBRT) to Release Quarterly Earnings on Wednesday

Liberty Energy (NYSE:LBRT - Get Free Report) is anticipated to release its earnings data after the market closes on Wednesday, April 16th. Analysts expect Liberty Energy to post earnings of $0.06 per share and revenue of $960.64 million for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. On average, analysts expect Liberty Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Liberty Energy Stock Performance

Shares of NYSE LBRT traded up $0.22 during midday trading on Friday, reaching $10.92. The company had a trading volume of 3,416,395 shares, compared to its average volume of 2,716,943. Liberty Energy has a 1 year low of $9.50 and a 1 year high of $24.75. The business's 50-day simple moving average is $15.29 and its 200 day simple moving average is $17.83. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.77 billion, a P/E ratio of 5.84 and a beta of 1.18.

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.08 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.93%. Liberty Energy's dividend payout ratio (DPR) is 17.11%.

Insider Activity

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.94, for a total value of $179,400.00. Following the completion of the sale, the chief financial officer now owns 717,292 shares in the company, valued at approximately $12,868,218.48. This represents a 1.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays reduced their price objective on Liberty Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a research note on Thursday. The Goldman Sachs Group decreased their price objective on shares of Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday. Morgan Stanley upgraded shares of Liberty Energy from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $20.00 to $25.00 in a research note on Thursday, March 27th. Citigroup boosted their target price on shares of Liberty Energy from $19.00 to $22.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus lifted their price objective on Liberty Energy from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $19.60.

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.