FY2024 EPS Estimates for Liberty Energy Decreased by Analyst

Liberty Energy Inc. (NYSE:LBRT) – Zacks Research lowered their FY2024 earnings estimates for Liberty Energy in a note issued to investors on Monday, October 14th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $2.10 for the year, down from their prior estimate of $2.14. The consensus estimate for Liberty Energy’s current full-year earnings is $2.14 per share. Zacks Research also issued estimates for Liberty Energy’s Q4 2024 earnings at $0.44 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.65 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $2.04 EPS, Q1 2026 earnings at $0.40 EPS, Q2 2026 earnings at $0.54 EPS and FY2026 earnings at $2.18 EPS.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Energy had a return on equity of 22.85% and a net margin of 9.53%. The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share.

A number of other equities analysts have also weighed in on LBRT. TD Cowen lowered their price objective on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Stifel Nicolaus lowered their price objective on shares of Liberty Energy from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Citigroup lowered their price objective on shares of Liberty Energy from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Bank of America lowered their price objective on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Finally, Piper Sandler lowered their price objective on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Four equities research 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Liberty Energy Stock Performance

NYSE:LBRT opened at $18.30 on Thursday. The firm’s fifty day moving average price is $20.12 and its 200 day moving average price is $21.36. Liberty Energy has a 1-year low of $16.69 and a 1-year high of $24.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 1.07. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 1.20 and a beta of 1.68.

Liberty Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, December 6th. This is an increase from Liberty Energy’s previous quarterly dividend of $0.07. Liberty Energy’s payout ratio is 11.68%.

Insider Transactions at Liberty Energy

In other news, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $19.77, for a total transaction of $395,400.00. Following the completion of the transaction, the chief executive officer now owns 2,638,813 shares of the company’s stock, valued at $52,169,333.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Michael Stock sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $21.01, for a total value of $105,050.00. Following the completion of the transaction, the chief financial officer now owns 745,207 shares of the company’s stock, valued at approximately $15,656,799.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $19.77, for a total transaction of $395,400.00. Following the completion of the transaction, the chief executive officer now directly owns 2,638,813 shares of the company’s stock, valued at $52,169,333.01. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock valued at $1,945,650 in the last 90 days. 3.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new position in Liberty Energy in the 2nd quarter valued at about $32,000. GAMMA Investing LLC increased its stake in shares of Liberty Energy by 69.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock valued at $36,000 after acquiring an additional 713 shares during the last quarter. nVerses Capital LLC increased its stake in shares of Liberty Energy by 45.0% during the 2nd quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after acquiring an additional 900 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Liberty Energy by 27.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock valued at $59,000 after acquiring an additional 709 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Liberty Energy by 43.3% during the 2nd quarter. CWM LLC now owns 6,213 shares of the company’s stock valued at $130,000 after acquiring an additional 1,876 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

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.