Liberty Energy (LBRT) to Release Quarterly Earnings on Wednesday

Liberty Energy (NYSE:LBRT) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. Liberty Energy had a net margin of 9.53% and a return on equity of 22.85%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. On average, analysts expect Liberty Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Liberty Energy Stock Up 1.3 %

Shares of NYSE:LBRT opened at $20.45 on Monday. The business’s 50 day moving average is $20.13 and its 200 day moving average is $21.38. The stock has a market cap of $3.41 billion, a P/E ratio of 7.46, a price-to-earnings-growth ratio of 1.20 and a beta of 1.68. Liberty Energy has a 52-week low of $16.69 and a 52-week high of $24.75. The company has a quick ratio of 1.07, a current ratio of 1.35 and a debt-to-equity ratio of 0.17.

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Friday, September 6th. Liberty Energy’s payout ratio is 10.22%.

Insider Buying and Selling at Liberty Energy

In other news, CFO Michael Stock sold 20,000 shares of Liberty Energy stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $22.92, for a total transaction of $458,400.00. Following the completion of the sale, the chief financial officer now directly owns 765,207 shares in the company, valued at approximately $17,538,544.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 95,000 shares of company stock worth $1,945,650 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on LBRT. Piper Sandler dropped their target price on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, July 15th. TD Cowen cut their price target on Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Citigroup decreased their price objective on Liberty Energy from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Stifel Nicolaus cut their target price on Liberty Energy from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Bank of America decreased their price target on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.20.

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.