Q3 2024 EPS Estimates for Liberty Energy Inc. Decreased by Zacks Research (NYSE:LBRT)

Liberty Energy Inc. (NYSE:LBRT) – Analysts at Zacks Research reduced their Q3 2024 earnings per share (EPS) estimates for Liberty Energy in a research report issued to clients and investors on Monday, April 29th. Zacks Research analyst T. Saha now forecasts that the company will post earnings of $0.73 per share for the quarter, down from their previous forecast of $0.76. The consensus estimate for Liberty Energy’s current full-year earnings is $2.52 per share. Zacks Research also issued estimates for Liberty Energy’s Q3 2025 earnings at $0.94 EPS and Q1 2026 earnings at $0.61 EPS.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Thursday, April 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the firm earned $0.90 EPS. Liberty Energy’s revenue for the quarter was down 12.8% on a year-over-year basis.

Several other equities research analysts also recently weighed in on LBRT. Bank of America raised their price target on Liberty Energy from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. TD Cowen raised their price target on Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Royal Bank of Canada raised their price target on Liberty Energy from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Wells Fargo & Company raised their price target on Liberty Energy from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $24.00 price target on shares of Liberty Energy in a report on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.30.

Liberty Energy Price Performance

LBRT opened at $21.05 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.16. The firm has a market capitalization of $3.51 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 1.17 and a beta of 1.85. The business’s 50-day moving average is $21.53 and its two-hundred day moving average is $19.96. Liberty Energy has a 1 year low of $11.62 and a 1 year high of $23.31.

Institutional Trading of Liberty Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Liberty Energy by 4.5% in the third quarter. Vanguard Group Inc. now owns 20,546,529 shares of the company’s stock valued at $380,522,000 after buying an additional 893,563 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Liberty Energy by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,443,849 shares of the company’s stock worth $171,314,000 after purchasing an additional 404,211 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Liberty Energy by 93.9% during the fourth quarter. Pacer Advisors Inc. now owns 4,587,073 shares of the company’s stock worth $83,210,000 after purchasing an additional 2,221,588 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Liberty Energy by 53.1% during the third quarter. Bank of New York Mellon Corp now owns 2,244,480 shares of the company’s stock worth $41,568,000 after purchasing an additional 778,111 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Liberty Energy by 12.4% during the third quarter. American Century Companies Inc. now owns 2,241,076 shares of the company’s stock worth $41,505,000 after purchasing an additional 247,074 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $21.83, for a total value of $436,600.00. Following the completion of the transaction, the chief financial officer now directly owns 825,209 shares of the company’s stock, valued at $18,014,312.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Liberty Energy news, President Ron Gusek sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $22.99, for a total value of $1,149,500.00. Following the completion of the transaction, the president now directly owns 1,213,259 shares of the company’s stock, valued at $27,892,824.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Stock sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $21.83, for a total value of $436,600.00. Following the completion of the sale, the chief financial officer now owns 825,209 shares of the company’s stock, valued at $18,014,312.47. The disclosure for this sale can be found here. Insiders sold 162,459 shares of company stock valued at $3,592,591 over the last quarter. 3.70% of the stock is currently owned by company insiders.

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Wednesday, June 5th. Liberty Energy’s dividend payout ratio (DPR) is 10.22%.

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.