Liberty Energy Inc. (NYSE:LBRT - Free Report) - Stock analysts at Seaport Res Ptn reduced their Q3 2024 EPS estimates for shares of Liberty Energy in a research note issued to investors on Saturday, May 11th. Seaport Res Ptn analyst T. Curran now forecasts that the company will post earnings of $0.69 per share for the quarter, down from their previous forecast of $0.73. The consensus estimate for Liberty Energy's current full-year earnings is $2.52 per share. Seaport Res Ptn also issued estimates for Liberty Energy's Q4 2024 earnings at $0.62 EPS, FY2024 earnings at $2.41 EPS, Q1 2025 earnings at $0.73 EPS, Q2 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.82 EPS, Q4 2025 earnings at $0.76 EPS and FY2025 earnings at $3.06 EPS.
Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the prior year, the company posted $0.90 EPS. The firm's revenue was down 12.8% on a year-over-year basis.
Several other analysts have also recently issued reports on the company. Wells Fargo & Company upped their target price on Liberty Energy from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Friday, April 19th. Piper Sandler lifted their target price on shares of Liberty Energy from $27.00 to $28.00 and gave the stock an "overweight" rating in a research note on Friday, January 26th. Morgan Stanley reissued an "equal weight" rating and issued a $24.00 price target on shares of Liberty Energy in a research note on Monday, April 22nd. Royal Bank of Canada upped their price objective on Liberty Energy from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Friday, April 19th. Finally, TD Cowen raised their target price on Liberty Energy from $19.00 to $21.00 and gave the stock a "hold" rating in a research note on Friday, April 19th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Liberty Energy presently has an average rating of "Moderate Buy" and an average price target of $24.30.
Check Out Our Latest Stock Report on Liberty Energy
Liberty Energy Price Performance
Shares of LBRT stock traded up $0.86 during trading hours on Tuesday, reaching $23.40. The company had a trading volume of 2,452,611 shares, compared to its average volume of 2,856,384. Liberty Energy has a 12-month low of $11.62 and a 12-month high of $23.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.48. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.14 and a beta of 1.83. The stock has a fifty day moving average of $21.71 and a 200-day moving average of $20.09.
Institutional Trading of Liberty Energy
A number of institutional investors have recently bought and sold shares of LBRT. Diversified Trust Co lifted its position in Liberty Energy by 2.5% in the first quarter. Diversified Trust Co now owns 20,617 shares of the company's stock valued at $427,000 after acquiring an additional 507 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Liberty Energy by 4.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,262 shares of the company's stock worth $296,000 after buying an additional 543 shares during the period. Perigon Wealth Management LLC lifted its stake in Liberty Energy by 2.4% in the first quarter. Perigon Wealth Management LLC now owns 24,815 shares of the company's stock valued at $514,000 after buying an additional 571 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Liberty Energy by 3.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 17,902 shares of the company's stock worth $325,000 after acquiring an additional 621 shares during the last quarter. Finally, Advisor Partners II LLC increased its holdings in shares of Liberty Energy by 3.8% in the 3rd quarter. Advisor Partners II LLC now owns 18,974 shares of the company's stock valued at $351,000 after acquiring an additional 689 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Liberty Energy
In other news, CEO Christopher A. Wright sold 20,000 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $20.27, for a total value of $405,400.00. Following the sale, the chief executive officer now directly owns 2,830,402 shares in the company, valued at $57,372,248.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Christopher A. Wright sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.27, for a total value of $405,400.00. Following the sale, the chief executive officer now owns 2,830,402 shares of the company's stock, valued at $57,372,248.54. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Ron Gusek sold 50,000 shares of Liberty Energy stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $22.99, for a total transaction of $1,149,500.00. Following the completion of the transaction, the president now owns 1,213,259 shares of the company's stock, valued at approximately $27,892,824.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 182,459 shares of company stock worth $4,025,391. Corporate insiders own 3.60% of the company's stock.
Liberty Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, June 6th. Liberty Energy's payout ratio is 10.22%.
Liberty Energy Company Profile
(
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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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