Zacks Research Reduces Earnings Estimates for Liberty Energy

Liberty Energy Inc. (NYSE:LBRT - Free Report) - Zacks Research reduced their FY2026 earnings estimates for shares of Liberty Energy in a note issued to investors on Wednesday, May 7th. Zacks Research analyst R. Department now forecasts that the company will earn $0.72 per share for the year, down from their prior forecast of $1.01. 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 $1.47 EPS.

A number of other equities research analysts have also recently weighed in on the stock. TD Cowen upped their price objective on shares of Liberty Energy from $10.00 to $13.00 and gave the stock a "hold" rating in a report on Monday, April 21st. Barclays decreased their price target on shares of Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $11.00 target price (down from $20.00) on shares of Liberty Energy in a research note on Tuesday, April 8th. Cowen reissued a "hold" rating on shares of Liberty Energy in a research note on Monday, April 21st. Finally, Morgan Stanley upgraded shares of Liberty Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $20.00 to $25.00 in a report on Thursday, March 27th. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $18.05.

Liberty Energy Price Performance

NYSE LBRT traded down $0.27 on Monday, reaching $12.23. 2,516,102 shares of the company's stock traded hands, compared to its average volume of 2,767,423. 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 stock has a market cap of $1.98 billion, a PE ratio of 6.54 and a beta of 0.71. The stock has a 50-day simple moving average of $12.89 and a 200 day simple moving average of $16.68. Liberty Energy has a 12 month low of $9.50 and a 12 month high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating 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 analyst estimates of $960.64 million. During the same period in the previous year, the business earned $0.48 EPS.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, June 6th. Liberty Energy's dividend payout ratio (DPR) is 21.19%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC lifted its stake in shares of Liberty Energy by 257.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock valued at $47,000 after purchasing an additional 1,583 shares during the period. Blue Trust Inc. grew its holdings in Liberty Energy by 604.9% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock valued at $47,000 after purchasing an additional 2,111 shares during the period. Spire Wealth Management purchased a new stake in Liberty Energy in the fourth quarter valued at approximately $60,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Liberty Energy in the first quarter worth $50,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Liberty Energy by 176.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock valued at $67,000 after acquiring an additional 2,184 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

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.