Liberty Energy Inc. (LBRT) To Go Ex-Dividend on September 4th

Liberty Energy Inc. (NYSE:LBRT) announced a quarterly dividend on Tuesday, July 14th. Shareholders of record on Friday, September 4th will be paid a dividend of 0.09 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 4th.

Liberty Energy has increased its dividend by an average of 0.5%per year over the last three years and has raised its dividend every year for the last 2 years. Liberty Energy has a payout ratio of 78.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Liberty Energy to earn $0.25 per share next year, which means the company may not be able to cover its $0.36 annual dividend with an expected future payout ratio of 144.0%.

Liberty Energy Stock Performance

NYSE:LBRT opened at $20.05 on Wednesday. The firm’s 50-day moving average is $21.76 and its 200-day moving average is $26.75. Liberty Energy has a 52-week low of $9.90 and a 52-week high of $34.48. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.75 and a current ratio of 1.99. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.88 and a beta of 0.60.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Liberty Energy had a net margin of 2.92% and a return on equity of 1.14%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business earned $0.12 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts anticipate that Liberty Energy will post 0.33 earnings per share for the current year.

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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.