Liberty Energy (LBRT) Set to Announce Quarterly Earnings on Wednesday

Liberty Energy (NYSE:LBRT) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Liberty Energy had a net margin of 11.72% and a return on equity of 32.28%. Liberty Energy’s revenue was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. On average, analysts expect Liberty Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Liberty Energy Trading Down 1.5 %

Shares of LBRT stock opened at $22.12 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.49. The stock has a market capitalization of $3.69 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 1.09 and a beta of 1.85. The company has a 50 day moving average price of $21.00 and a 200 day moving average price of $19.59. Liberty Energy has a fifty-two week low of $11.62 and a fifty-two week high of $23.23.

Liberty Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Tuesday, March 5th. Liberty Energy’s dividend payout ratio (DPR) is currently 8.86%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company lowered their price target on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. Bank of America upped their price target on shares of Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley upped their price target on shares of Liberty Energy from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Finally, Piper Sandler boosted their price objective on shares of Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $23.67.

Insider Buying and Selling at Liberty Energy

In other news, CEO Christopher A. Wright sold 20,000 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $22.66, for a total transaction of $453,200.00. Following the transaction, the chief executive officer now directly owns 2,858,814 shares in the company, valued at approximately $64,780,725.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Liberty Energy news, Director William F. Kimble sold 12,459 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $21.55, for a total value of $268,491.45. Following the completion of the sale, the director now owns 69,963 shares of the company’s stock, valued at $1,507,702.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher A. Wright sold 20,000 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $22.66, for a total transaction of $453,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,858,814 shares of the company’s stock, valued at approximately $64,780,725.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,459 shares of company stock worth $2,077,491. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Liberty Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. grew its holdings in 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. Bank of New York Mellon Corp increased its stake in Liberty Energy by 129.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,089,808 shares of the company’s stock worth $30,971,000 after purchasing an additional 1,178,716 shares in the last quarter. HighTower Advisors LLC increased its stake in Liberty Energy by 17.4% in the 1st quarter. HighTower Advisors LLC now owns 17,607 shares of the company’s stock worth $261,000 after purchasing an additional 2,607 shares in the last quarter. Citigroup Inc. increased its stake in Liberty Energy by 775.0% in the 1st quarter. Citigroup Inc. now owns 219,897 shares of the company’s stock worth $3,259,000 after purchasing an additional 194,767 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Liberty Energy by 106.8% in the 1st quarter. MetLife Investment Management LLC now owns 49,221 shares of the company’s stock worth $729,000 after purchasing an additional 25,424 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

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.