Zacks Research Reduces Earnings Estimates for Liberty Energy

Liberty Energy Inc. (NYSE:LBRT - Free Report) - Research analysts at Zacks Research cut their FY2025 EPS estimates for shares of Liberty Energy in a note issued to investors on Tuesday, May 27th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.36 for the year, down from their prior forecast of $0.40. The consensus estimate for Liberty Energy's current full-year earnings is $0.58 per share. Zacks Research also issued estimates for Liberty Energy's FY2027 earnings at $1.12 EPS.

LBRT has been the subject of a number of other reports. Barclays dropped their target price on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group dropped their price objective on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus dropped their price target on Liberty Energy from $23.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Citigroup dropped their price target on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Cowen restated a "hold" rating on shares of Liberty Energy in a research note on Monday, April 21st. Eight 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's stock. According to MarketBeat, Liberty Energy presently has an average rating of "Moderate Buy" and an average target price of $17.14.

Liberty Energy Stock Performance

Shares of NYSE LBRT traded up $0.77 during trading hours on Friday, reaching $12.60. The stock had a trading volume of 575,547 shares, compared to its average volume of 2,787,985. The business's fifty day moving average is $12.14 and its two-hundred day moving average is $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 6.74 and a beta of 0.71. Liberty Energy has a twelve month low of $9.50 and a twelve month high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. The business had revenue of $977.46 million during the quarter, compared to analysts' expectations of $960.64 million. During the same period in the previous year, the company earned $0.48 earnings per share.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Friday, June 6th. Liberty Energy's dividend payout ratio is presently 21.19%.

Institutional Investors Weigh In On Liberty Energy

A number of institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. grew its stake in shares of Liberty Energy by 83.5% in the fourth quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company's stock valued at $96,043,000 after buying an additional 2,197,352 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Liberty Energy by 6.5% during the first quarter. Vanguard Group Inc. now owns 18,443,909 shares of the company's stock worth $291,967,000 after acquiring an additional 1,128,491 shares during the period. Balyasny Asset Management L.P. bought a new stake in Liberty Energy in the 4th quarter valued at about $20,337,000. American Century Companies Inc. boosted its stake in shares of Liberty Energy by 10.8% in the fourth quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock valued at $102,992,000 after buying an additional 505,634 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Liberty Energy during the 1st quarter worth approximately $7,743,000. 98.22% of the stock is owned by institutional investors and hedge funds.

About Liberty Energy

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.