Liberty Energy (LBRT) Set to Announce Quarterly Earnings on Wednesday

Liberty Energy (NYSE:LBRT) is set to post its quarterly earnings results after the market closes on Wednesday, April 17th. Analysts expect Liberty Energy to post earnings of $0.55 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a net margin of 11.72% and a return on equity of 32.28%. The business’s revenue was down 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. On average, analysts expect Liberty Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Liberty Energy Stock Performance

Shares of LBRT opened at $22.46 on Monday. The company has a market cap of $3.74 billion, a PE ratio of 7.11, a price-to-earnings-growth ratio of 1.07 and a beta of 1.85. The company has a current ratio of 1.49, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $20.94 and a 200-day moving average price of $19.57. Liberty Energy has a 12-month low of $11.62 and a 12-month high of $23.23.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.25%. Liberty Energy’s dividend payout ratio (DPR) is presently 8.86%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LBRT shares. Piper Sandler lifted their price target on Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Wells Fargo & Company dropped their price target on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. Finally, Morgan Stanley lifted their price target on Liberty Energy from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Liberty Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.75.

Insiders Place Their Bets

In other Liberty Energy news, insider R Sean Elliott sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total value of $410,000.00. Following the completion of the sale, the insider now owns 218,530 shares of the company’s stock, valued at $4,479,865. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Ryan T. Gosney sold 6,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total transaction of $123,000.00. Following the completion of the sale, the chief accounting officer now owns 140,706 shares of the company’s stock, valued at $2,884,473. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider R Sean Elliott sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total value of $410,000.00. Following the sale, the insider now directly owns 218,530 shares of the company’s stock, valued at approximately $4,479,865. The disclosure for this sale can be found here. Insiders sold a total of 98,459 shares of company stock valued at $2,077,491 over the last quarter. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Energy

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in shares of Liberty Energy by 27.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock valued at $59,000 after purchasing an additional 709 shares during the period. Rhumbline Advisers boosted its stake in shares of Liberty Energy by 0.7% during the first quarter. Rhumbline Advisers now owns 121,187 shares of the company’s stock valued at $1,796,000 after purchasing an additional 863 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Liberty Energy by 42.7% during the third quarter. Tower Research Capital LLC TRC now owns 5,307 shares of the company’s stock valued at $98,000 after acquiring an additional 1,589 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Liberty Energy by 14.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 12,564 shares of the company’s stock valued at $168,000 after acquiring an additional 1,616 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Liberty Energy by 71.4% during the fourth quarter. US Bancorp DE now owns 3,896 shares of the company’s stock valued at $71,000 after acquiring an additional 1,623 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

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.