Liberty Energy Q4 EPS Forecast Reduced by Atb Cap Markets

Liberty Energy Inc. (NYSE:LBRT) – Analysts at Atb Cap Markets cut their Q4 2024 EPS estimates for shares of Liberty Energy in a research report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now expects that the company will post earnings of ($0.02) per share for the quarter, down from their prior forecast 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.

LBRT has been the topic of several other research reports. Stifel Nicolaus lowered their target price on Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, October 18th. The Goldman Sachs Group began coverage on Liberty Energy in a research report on Friday. They issued a “neutral” rating and a $19.00 price objective on the stock. Wells Fargo & Company dropped their target price 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. Barclays decreased their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Five research 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’s stock. According to MarketBeat.com, Liberty Energy presently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Liberty Energy Price Performance

Shares of NYSE:LBRT opened at $18.97 on Friday. Liberty Energy has a 12 month low of $16.57 and a 12 month high of $24.75. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 9.03 and a beta of 1.71. The business’s 50 day simple moving average is $18.30 and its 200-day simple moving average is $20.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97.

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

Liberty Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 is a positive change from Liberty Energy’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.69%. Liberty Energy’s dividend payout ratio (DPR) is 15.24%.

Insider Activity at Liberty Energy

In related news, CFO Michael Stock sold 15,000 shares of Liberty Energy stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $19.23, for a total value of $288,450.00. Following the completion of the sale, the chief financial officer now directly owns 730,207 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher A. Wright sold 2,936 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $19.16, for a total transaction 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. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 112,973 shares of company stock valued at $2,144,485 over the last ninety days. 3.60% of the stock is owned by insiders.

Institutional Trading of Liberty Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. EdgeRock Capital LLC acquired a new position in Liberty Energy in the second quarter valued at about $32,000. Covestor Ltd grew its holdings in Liberty Energy by 96.8% during the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after purchasing an additional 838 shares during the period. Quarry LP raised its holdings in Liberty Energy by 237.5% in the third quarter. Quarry LP now owns 1,991 shares of the company’s stock worth $38,000 after purchasing an additional 1,401 shares during the period. nVerses Capital LLC grew its holdings in shares of Liberty Energy by 45.0% in the 2nd quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after buying an additional 900 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Liberty Energy by 82.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock valued at $61,000 after buying an additional 1,431 shares in the last quarter. 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.