Zacks Research Cuts Earnings Estimates for Liberty Energy

Liberty Energy Inc. (NYSE:LBRT) – Investment analysts at Zacks Research lowered their Q2 2027 EPS estimates for Liberty Energy in a research note issued on Thursday, November 6th. Zacks Research analyst Team now expects that the company will post earnings of $0.00 per share for the quarter, down from their previous forecast of $0.02. The consensus estimate for Liberty Energy’s current full-year earnings is $0.58 per share.

A number of other research firms also recently issued reports on LBRT. Piper Sandler set a $16.00 price target on Liberty Energy and gave the company a “neutral” rating in a research note on Monday, October 20th. Citigroup upgraded shares of Liberty Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $12.00 to $21.00 in a research note on Tuesday, October 21st. Stifel Nicolaus reduced their price target on Liberty Energy from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, July 28th. TD Cowen raised their target price on shares of Liberty Energy from $10.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, The Goldman Sachs Group upped their target price on shares of Liberty Energy from $11.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.30.

Liberty Energy Stock Performance

Liberty Energy stock traded down $0.74 during mid-day trading on Friday, reaching $16.66. 1,224,945 shares of the stock traded hands, compared to its average volume of 3,849,218. Liberty Energy has a 12-month low of $9.50 and a 12-month high of $23.58. The business’s 50-day moving average is $13.30 and its 200-day moving average is $12.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.05. The stock has a market capitalization of $2.70 billion, a PE ratio of 14.95 and a beta of 0.72.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Thursday, October 16th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The firm had revenue of $947.40 million for the quarter, compared to the consensus estimate of $967.05 million. Liberty Energy had a net margin of 4.76% and a return on equity of 1.69%. Liberty Energy’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share.

Liberty Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $0.09 dividend. This is an increase from Liberty Energy’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, December 4th. Liberty Energy’s payout ratio is currently 32.14%.

Institutional Trading of Liberty Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. raised its stake in shares of Liberty Energy by 1.7% during the first quarter. Principal Financial Group Inc. now owns 912,636 shares of the company’s stock valued at $14,447,000 after acquiring an additional 15,596 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Liberty Energy by 37.7% in the first quarter. Russell Investments Group Ltd. now owns 231,722 shares of the company’s stock worth $3,668,000 after acquiring an additional 63,461 shares during the period. Alpha Wealth Funds LLC bought a new position in Liberty Energy during the 2nd quarter worth about $202,000. South Dakota Investment Council increased its position in Liberty Energy by 225.2% during the 1st quarter. South Dakota Investment Council now owns 169,692 shares of the company’s stock valued at $2,686,000 after purchasing an additional 117,505 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Liberty Energy by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 18,443,909 shares of the company’s stock valued at $291,967,000 after purchasing an additional 1,128,491 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

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.