Liberty Energy (NYSE:LBRT – Get Free Report) is projected to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.16 per share and revenue of $979,427.24 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Liberty Energy Price Performance
Shares of NYSE:LBRT opened at $22.67 on Tuesday. The firm’s 50 day simple moving average is $19.27 and its two-hundred day simple moving average is $19.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. The company has a market capitalization of $3.70 billion, a P/E ratio of 10.79 and a beta of 1.66. Liberty Energy has a 1-year low of $16.57 and a 1-year high of $24.75.
Analyst Ratings Changes
Several brokerages recently weighed in on LBRT. Barclays dropped their target price on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada cut their target price on Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Citigroup increased their price objective on shares of Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their price objective 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 equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Liberty Energy has an average rating of “Moderate Buy” and a consensus price target of $22.20.
Insider Transactions at Liberty Energy
In related news, CEO Christopher A. Wright sold 16,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $18.23, for a total transaction of $291,680.00. Following the transaction, the chief executive officer now directly owns 2,562,813 shares in the company, valued at approximately $46,720,080.99. This represents a 0.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Stock sold 5,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $23.00, for a total transaction of $115,000.00. Following the completion of the sale, the chief financial officer now directly owns 675,207 shares in the company, valued at $15,529,761. This trade represents a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,973 shares of company stock worth $1,586,335 in the last three months. Insiders own 3.70% 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.
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