Liberty Energy (NYSE:LBRT) Announces Quarterly Earnings Results

Liberty Energy (NYSE:LBRT) posted its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01, Zacks reports. The firm had revenue of $977.46 million for the quarter, compared to the consensus estimate of $960.64 million. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. During the same period in the previous year, the firm earned $0.48 EPS.

Liberty Energy Price Performance

Shares of NYSE LBRT opened at $11.45 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. Liberty Energy has a fifty-two week low of $9.50 and a fifty-two week high of $24.75. The stock has a market cap of $1.85 billion, a PE ratio of 6.12 and a beta of 1.18. The stock has a fifty day moving average of $15.04 and a 200-day moving average of $17.73.

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 annualized dividend and a dividend yield of 2.79%. Liberty Energy’s dividend payout ratio is currently 17.11%.

Insider Buying and Selling

In other news, CFO Michael Stock sold 10,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.94, for a total transaction of $179,400.00. Following the completion of the transaction, the chief financial officer now directly owns 717,292 shares in the company, valued at $12,868,218.48. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

LBRT has been the subject of a number of recent analyst reports. Citigroup upped their price objective on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Royal Bank of Canada downgraded Liberty Energy from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $24.00 to $19.00 in a research report on Monday, March 24th. The Goldman Sachs Group cut their price objective on Liberty Energy from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. TD Cowen decreased their target price on Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.40.

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.