Atb Cap Markets Forecasts Liberty Energy FY2024 Earnings

Liberty Energy Inc. (NYSE:LBRT) – Atb Cap Markets cut their FY2024 EPS estimates for shares of Liberty Energy in a research report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now forecasts that the company will post earnings per share of $1.52 for the year, down from their previous estimate of $1.68. Atb Cap Markets currently has a “Strong-Buy” rating on the stock. The consensus estimate for Liberty Energy’s current full-year earnings is $1.75 per share. Atb Cap Markets also issued estimates for Liberty Energy’s Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.15 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.42 EPS, FY2026 earnings at $1.56 EPS and FY2027 earnings at $1.96 EPS.

Liberty Energy (NYSE:LBRT) last announced its quarterly 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). Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis.

Other research analysts have also recently issued reports about the company. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Citigroup lowered shares of Liberty Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $19.00 in a report on Friday, October 18th. Wells Fargo & Company lowered their target price on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Royal Bank of Canada dropped their target price on Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Finally, Stifel Nicolaus cut their price target on shares of Liberty Energy from $26.00 to $25.00 and set a “buy” rating for the company in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Liberty Energy presently has an average rating of “Moderate Buy” and a consensus target price of $22.89.

Liberty Energy Stock Up 0.4 %

Liberty Energy stock opened at $19.17 on Thursday. Liberty Energy has a twelve month low of $16.57 and a twelve month high of $24.75. The firm has a market cap of $3.13 billion, a P/E ratio of 9.13 and a beta of 1.71. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $18.33 and a two-hundred day moving average of $20.06.

Institutional Investors Weigh In On Liberty Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Liberty Energy by 17.1% during the third quarter. FMR LLC now owns 18,115,282 shares of the company’s stock worth $345,821,000 after purchasing an additional 2,640,119 shares during the period. Pacer Advisors Inc. increased its holdings in Liberty Energy by 15.9% in the 3rd quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock worth $133,866,000 after acquiring an additional 963,068 shares during the last quarter. State Street Corp increased its position in shares of Liberty Energy by 2.7% during the third quarter. State Street Corp now owns 6,662,830 shares of the company’s stock valued at $127,193,000 after buying an additional 176,887 shares during the period. Canoe Financial LP lifted its position in Liberty Energy by 20.4% during the third quarter. Canoe Financial LP now owns 4,124,695 shares of the company’s stock valued at $79,408,000 after purchasing an additional 699,500 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Liberty Energy by 17.6% during the 2nd quarter. American Century Companies Inc. now owns 3,961,415 shares of the company’s stock valued at $82,754,000 after purchasing an additional 594,051 shares during the last quarter. 98.22% of the stock is owned by institutional investors.

Insider Buying and Selling at Liberty Energy

In other news, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $21.01, for a total transaction of $105,050.00. Following the sale, the chief financial officer now directly owns 745,207 shares in the company, valued at approximately $15,656,799.07. The trade was a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher A. Wright sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,638,813 shares in the company, valued at approximately $52,169,333.01. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,973 shares of company stock worth $2,144,485. 3.60% of the stock is currently owned by company insiders.

Liberty Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.67%. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, December 6th. Liberty Energy’s dividend payout ratio is 15.24%.

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.