FY2024 EPS Estimates for Liberty Energy Decreased by Analyst

Liberty Energy Inc. (NYSE:LBRT) – Stock analysts at Zacks Research decreased their FY2024 earnings estimates for Liberty Energy in a report released on Monday, October 14th. Zacks Research analyst R. Department now forecasts that the company will earn $2.10 per share for the year, down from their prior estimate of $2.14. The consensus estimate for Liberty Energy’s current full-year earnings is $2.14 per share. Zacks Research also issued estimates for Liberty Energy’s Q4 2024 earnings at $0.44 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.65 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $2.04 EPS, Q1 2026 earnings at $0.40 EPS, Q2 2026 earnings at $0.54 EPS and FY2026 earnings at $2.18 EPS.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Liberty Energy had a net margin of 9.53% and a return on equity of 22.85%. Liberty Energy’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share.

LBRT has been the subject of a number of other reports. Citigroup reduced their target price on shares of Liberty Energy from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Bank of America dropped their price objective on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Piper Sandler dropped their price objective on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Monday, July 15th. Barclays dropped their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Stifel Nicolaus dropped their price objective on shares of Liberty Energy from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 11th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Liberty Energy Price Performance

Shares of NYSE LBRT opened at $18.30 on Thursday. The firm has a 50-day simple moving average of $20.12 and a 200-day simple moving average of $21.36. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 1.20 and a beta of 1.68. The company has a quick ratio of 1.07, a current ratio of 1.35 and a debt-to-equity ratio of 0.17. Liberty Energy has a 52 week low of $16.69 and a 52 week high of $24.75.

Institutional Trading of Liberty Energy

Several hedge funds have recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new stake in Liberty Energy during the second quarter worth approximately $32,000. GAMMA Investing LLC raised its holdings in Liberty Energy by 69.2% during the second quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock worth $36,000 after purchasing an additional 713 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Liberty Energy by 27.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock worth $59,000 after purchasing an additional 709 shares in the last quarter. nVerses Capital LLC raised its holdings in Liberty Energy by 45.0% during the second quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock worth $61,000 after purchasing an additional 900 shares in the last quarter. Finally, CWM LLC raised its holdings in Liberty Energy by 43.3% during the second quarter. CWM LLC now owns 6,213 shares of the company’s stock worth $130,000 after purchasing an additional 1,876 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insider Activity

In other news, CFO Michael Stock sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $20.01, for a total value of $300,150.00. Following the completion of the transaction, the chief financial officer now owns 750,207 shares of the company’s stock, valued at approximately $15,011,642.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Christopher A. Wright sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $19.91, for a total value of $398,200.00. Following the sale, the chief executive officer now owns 2,678,813 shares of the company’s stock, valued at $53,335,166.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Stock sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $20.01, for a total transaction of $300,150.00. Following the completion of the sale, the chief financial officer now directly owns 750,207 shares in the company, valued at approximately $15,011,642.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,000 shares of company stock valued at $1,945,650. 3.60% of the stock is currently owned by company insiders.

Liberty Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.08 dividend. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, December 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.75%. Liberty Energy’s dividend payout ratio (DPR) is presently 11.68%.

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.