Liberty Energy (LBRT) Scheduled to Post Earnings on Wednesday

Liberty Energy (NYSE:LBRT – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Wednesday, January 25th. Analysts expect Liberty Energy to post earnings of $0.71 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Liberty Energy Price Performance

Liberty Energy stock traded down $0.24 during mid-day trading on Tuesday, hitting $14.56. The stock had a trading volume of 4,092,610 shares, compared to its average volume of 2,361,874. The firm’s 50 day moving average is $15.74 and its 200 day moving average is $14.91. Liberty Energy has a one year low of $10.45 and a one year high of $20.05. The firm has a market capitalization of $2.66 billion, a P/E ratio of 14.71 and a beta of 2.21. The company has a current ratio of 1.41, a quick ratio of 1.15 and a debt-to-equity ratio of 0.19.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company raised shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $15.00 to $24.00 in a report on Wednesday, October 26th. TheStreet raised shares of Liberty Energy from a “c” rating to a “b-” rating in a report on Wednesday, October 19th. Cowen increased their price objective on shares of Liberty Energy to $16.00 in a report on Thursday, October 27th. The Goldman Sachs Group increased their price objective on shares of Liberty Energy from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, October 21st. Finally, Morgan Stanley dropped their price objective on shares of Liberty Energy from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, January 4th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.59.

Insider Activity

In related news, CEO Christopher A. Wright sold 2,300 shares of the stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $17.04, for a total value of $39,192.00. Following the sale, the chief executive officer now directly owns 3,305,615 shares of the company’s stock, valued at approximately $56,327,679.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Christopher A. Wright sold 37,500 shares of the stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $17.34, for a total value of $650,250.00. Following the sale, the chief executive officer now directly owns 3,268,115 shares of the company’s stock, valued at approximately $56,669,114.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher A. Wright sold 2,300 shares of the stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $17.04, for a total transaction of $39,192.00. Following the completion of the sale, the chief executive officer now directly owns 3,305,615 shares in the company, valued at $56,327,679.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,800 shares of company stock worth $707,442. 3.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Liberty Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LBRT. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Liberty Energy by 29.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,414 shares of the company’s stock worth $184,000 after acquiring an additional 3,295 shares during the period. Advisor Group Holdings Inc. increased its position in shares of Liberty Energy by 24.7% during the first quarter. Advisor Group Holdings Inc. now owns 13,300 shares of the company’s stock worth $194,000 after acquiring an additional 2,637 shares during the period. Walleye Trading LLC purchased a new position in shares of Liberty Energy during the first quarter worth approximately $244,000. HighTower Advisors LLC increased its position in shares of Liberty Energy by 17.4% during the first quarter. HighTower Advisors LLC now owns 17,607 shares of the company’s stock worth $261,000 after acquiring an additional 2,607 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Liberty Energy by 111.0% during the second quarter. Principal Financial Group Inc. now owns 22,151 shares of the company’s stock worth $283,000 after acquiring an additional 11,652 shares during the period. 85.26% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Company Profile

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Liberty Energy Inc provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies.