FY2024 EPS Estimates for Liberty Energy Decreased by Analyst

Liberty Energy Inc. (NYSE:LBRT) – Analysts at Atb Cap Markets cut their FY2024 earnings per share estimates for Liberty Energy in a research note issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now expects that the company will post earnings per share of $1.52 for the year, down from their prior estimate of $1.68. Atb Cap Markets has a “Strong-Buy” rating on the stock. The consensus estimate for Liberty Energy’s current full-year earnings is $1.72 per share. Atb Cap Markets also issued estimates for Liberty Energy’s Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.15 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.42 EPS, FY2026 earnings at $1.56 EPS and FY2027 earnings at $1.96 EPS.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.10). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS.

LBRT has been the subject of several other research reports. Stifel Nicolaus reduced their price objective on shares of Liberty Energy from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Barclays cut their price objective on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. The Goldman Sachs Group started coverage on Liberty Energy in a research report on Friday. They set a “neutral” rating and a $19.00 target price for the company. Finally, Wells Fargo & Company dropped their price target on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.50.

Liberty Energy Stock Performance

LBRT stock opened at $18.99 on Thursday. The firm has a 50 day moving average of $18.30 and a two-hundred day moving average of $20.03. Liberty Energy has a 12 month low of $16.57 and a 12 month high of $24.75. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 9.04 and a beta of 1.71. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On Liberty Energy

Several institutional investors and hedge funds have recently bought and sold shares of LBRT. FMR LLC boosted its holdings in Liberty Energy by 17.1% during the third quarter. FMR LLC now owns 18,115,282 shares of the company’s stock valued at $345,821,000 after purchasing an additional 2,640,119 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Liberty Energy by 15.9% during the 3rd quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock worth $133,866,000 after buying an additional 963,068 shares during the period. State Street Corp boosted its stake in Liberty Energy by 2.7% in the 3rd quarter. State Street Corp now owns 6,662,830 shares of the company’s stock valued at $127,193,000 after buying an additional 176,887 shares in the last quarter. Canoe Financial LP grew its position in Liberty Energy by 20.4% in the third quarter. Canoe Financial LP now owns 4,124,695 shares of the company’s stock valued at $79,408,000 after acquiring an additional 699,500 shares during the period. Finally, American Century Companies Inc. raised its stake in Liberty Energy by 17.6% during the second quarter. American Century Companies Inc. now owns 3,961,415 shares of the company’s stock worth $82,754,000 after acquiring an additional 594,051 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Insider Transactions at Liberty Energy

In other news, CFO Michael Stock sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $19.23, for a total transaction of $288,450.00. Following the sale, the chief financial officer now directly owns 730,207 shares in the company, valued at approximately $14,041,880.61. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher A. Wright sold 2,037 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $18.15, for a total value of $36,971.55. Following the completion of the transaction, the chief executive officer now owns 2,578,813 shares of the company’s stock, valued at $46,805,455.95. The trade was a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,973 shares of company stock worth $2,144,485. Insiders own 3.60% of the company’s stock.

Liberty Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.69%. This is a boost from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, December 6th. Liberty Energy’s dividend payout ratio is currently 15.24%.

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.