Liberty Energy Q4 EPS Forecast Decreased by Atb Cap Markets

Liberty Energy Inc. (NYSE:LBRT) – Equities researchers at Atb Cap Markets dropped their Q4 2024 EPS estimates for Liberty Energy in a research note issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now forecasts that the company will earn ($0.02) per share for the quarter, down from their previous estimate of $0.14. Atb Cap Markets currently has a “Strong-Buy” rating on the stock. The consensus estimate for Liberty Energy’s current full-year earnings is $1.72 per share.

A number of other research firms have also recently commented on LBRT. The Goldman Sachs Group started coverage on Liberty Energy in a research report on Friday. They set a “neutral” rating and a $19.00 price objective for the company. Royal Bank of Canada decreased their price target on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Citigroup downgraded shares of Liberty Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $19.00 in a research report on Friday, October 18th. Barclays decreased their price target on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Wells Fargo & Company dropped their price objective on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Liberty Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

Liberty Energy Stock Down 1.0 %

Shares of Liberty Energy stock opened at $18.97 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Liberty Energy has a twelve month low of $16.57 and a twelve month high of $24.75. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 9.03 and a beta of 1.71. The company’s 50 day moving average is $18.30 and its 200 day moving average is $20.00.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.10). Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned $0.85 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis.

Liberty Energy Increases Dividend

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

Insider Transactions at Liberty Energy

In related news, CEO Christopher A. Wright sold 2,936 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $19.16, for a total value of $56,253.76. Following the completion of the transaction, the chief executive officer now directly owns 2,543,877 shares in the company, valued at $48,740,683.32. The trade was a 0.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Stock sold 15,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 730,207 shares of the company’s stock, valued at $14,041,880.61. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,973 shares of company stock valued at $2,144,485. 3.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Energy

A number of institutional investors have recently added to or reduced their stakes in LBRT. Cetera Advisors LLC acquired a new stake in shares of Liberty Energy during the 1st quarter worth about $368,000. CWM LLC lifted its holdings in Liberty Energy by 43.3% during the 2nd quarter. CWM LLC now owns 6,213 shares of the company’s stock worth $130,000 after buying an additional 1,876 shares in the last quarter. SG Americas Securities LLC boosted its position in Liberty Energy by 216.3% in the 2nd quarter. SG Americas Securities LLC now owns 81,987 shares of the company’s stock valued at $1,713,000 after buying an additional 56,064 shares during the period. Raymond James & Associates raised its stake in shares of Liberty Energy by 23.4% in the second quarter. Raymond James & Associates now owns 89,274 shares of the company’s stock valued at $1,865,000 after acquiring an additional 16,947 shares in the last quarter. Finally, Hennessy Advisors Inc. grew its holdings in Liberty Energy by 48.0% during the 2nd quarter. Hennessy Advisors Inc. now owns 1,981,100 shares of the company’s stock worth $41,385,000 after acquiring an additional 642,700 shares in the last quarter. Hedge funds and other institutional investors 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.