Liberty Energy Inc. to Issue Quarterly Dividend of $0.09 (NYSE:LBRT)

Liberty Energy Inc. (NYSE:LBRT) announced a quarterly dividend on Tuesday, July 14th. Shareholders of record on Friday, September 4th will be paid a dividend of 0.09 per share on Friday, September 18th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, September 4th.

Liberty Energy has raised its dividend payment by an average of 0.5%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Liberty Energy has a payout ratio of 78.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Liberty Energy to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 62.1%.

Liberty Energy Price Performance

Shares of NYSE LBRT opened at $25.26 on Wednesday. Liberty Energy has a twelve month low of $9.90 and a twelve month high of $34.48. The company has a current ratio of 2.21, a quick ratio of 1.97 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average of $28.80 and a two-hundred day moving average of $26.96. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 2.18 and a beta of 0.54.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, April 22nd. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.19. Liberty Energy had a net margin of 3.71% and a return on equity of 1.41%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $954.71 million. During the same period last year, the firm posted $0.04 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, analysts expect that Liberty Energy will post 0.24 earnings per share for the current fiscal year.

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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.