Zacks Research Expects Lower Earnings for Liberty Energy

Liberty Energy Inc. (NYSE:LBRT) – Equities researchers at Zacks Research cut their FY2025 earnings per share (EPS) estimates for shares of Liberty Energy in a research note issued to investors on Monday, December 2nd. Zacks Research analyst R. Department now forecasts that the company will post earnings of $1.00 per share for the year, down from their previous forecast of $1.27. The consensus estimate for Liberty Energy’s current full-year earnings is $1.75 per share.

LBRT has been the subject of several other reports. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada lowered their price target on Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Atb Cap Markets lowered shares of Liberty Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Stifel Nicolaus lowered their target price 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. Finally, Citigroup cut shares of Liberty Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $19.00 in a research report on Friday, October 18th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.89.

Liberty Energy Stock Up 0.4 %

Shares of NYSE LBRT opened at $18.40 on Thursday. The company has a market capitalization of $3.01 billion, a P/E ratio of 8.76 and a beta of 1.71. 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 50 day simple moving average of $18.47 and a 200-day simple moving average of $20.25. Liberty Energy has a 1 year low of $16.57 and a 1 year high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The firm 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 18.50% and a net margin of 8.02%. Liberty Energy’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share.

Liberty Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.08 dividend. This is an increase from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.74%. Liberty Energy’s payout ratio is 13.33%.

Insider Transactions at Liberty Energy

In related news, CFO Michael Stock sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $19.23, for a total value of $288,450.00. Following the sale, the chief financial officer now owns 730,207 shares of the company’s stock, valued at $14,041,880.61. This trade represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $19.91, for a total transaction of $398,200.00. Following the transaction, the chief executive officer now owns 2,678,813 shares of the company’s stock, valued at $53,335,166.83. This trade represents a 0.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,037 shares of company stock valued at $2,088,232. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liberty Energy

A number of hedge funds and other institutional investors have recently modified their holdings of LBRT. EdgeRock Capital LLC acquired a new stake in shares of Liberty Energy during the 2nd quarter worth about $32,000. Covestor Ltd lifted its position in shares of Liberty Energy by 96.8% during the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after buying an additional 838 shares during the last quarter. GAMMA Investing LLC lifted its position 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 worth $36,000 after buying an additional 713 shares during the last quarter. Quarry LP grew its position in shares of Liberty Energy by 237.5% in the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after buying an additional 1,401 shares during the last quarter. Finally, nVerses Capital LLC raised its stake in Liberty Energy by 45.0% during the 2nd quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock worth $61,000 after acquiring an additional 900 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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.