FY2025 EPS Estimates for Liberty Energy Decreased by Analyst

Liberty Energy Inc. (NYSE:LBRT) – Analysts at Zacks Research dropped their FY2025 EPS estimates for Liberty Energy in a report issued on Monday, December 2nd. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $1.00 for the year, down from their prior estimate of $1.27. The consensus estimate for Liberty Energy’s current full-year earnings is $1.75 per share.

Several other analysts have also commented on the stock. Royal Bank of Canada decreased their price target on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Evercore ISI raised shares of Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Citigroup lowered shares of Liberty Energy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $19.00 in a report on Friday, October 18th. Atb Cap Markets lowered Liberty Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Barclays lowered their price objective on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Liberty Energy presently has an average rating of “Moderate Buy” and an average price target of $22.89.

Liberty Energy Price Performance

Shares of LBRT stock opened at $18.40 on Thursday. The stock’s 50-day moving average is $18.47 and its 200 day moving average is $20.25. Liberty Energy has a 1-year low of $16.57 and a 1-year high of $24.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. The company has a market cap of $3.01 billion, a P/E ratio of 8.76 and a beta of 1.71.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.10). The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS.

Liberty Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 6th. This is an increase from Liberty Energy’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 1.74%. Liberty Energy’s payout ratio is presently 13.33%.

Insiders Place Their Bets

In other news, CFO Michael Stock sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $17.21, for a total transaction of $86,050.00. Following the completion of the transaction, the chief financial officer now directly owns 725,207 shares of the company’s stock, valued at $12,480,812.47. This represents a 0.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher A. Wright sold 20,000 shares of the 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 transaction, the chief executive officer now owns 2,678,813 shares in the company, valued at $53,335,166.83. This trade represents a 0.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,037 shares of company stock worth $2,088,232. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in Liberty Energy by 17.1% during the 3rd quarter. FMR LLC now owns 18,115,282 shares of the company’s stock worth $345,821,000 after purchasing an additional 2,640,119 shares during the last quarter. Pacer Advisors Inc. boosted its position in Liberty Energy by 15.9% during the third quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock worth $133,866,000 after acquiring an additional 963,068 shares during the last quarter. State Street Corp grew its stake in Liberty Energy by 2.7% during the 3rd quarter. State Street Corp now owns 6,662,830 shares of the company’s stock valued at $127,193,000 after acquiring an additional 176,887 shares in the last quarter. Canoe Financial LP raised its holdings in Liberty Energy by 20.4% in the 3rd quarter. Canoe Financial LP now owns 4,124,695 shares of the company’s stock valued at $79,408,000 after acquiring an additional 699,500 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Liberty Energy by 17.6% in the 2nd quarter. American Century Companies Inc. now owns 3,961,415 shares of the company’s stock worth $82,754,000 after purchasing an additional 594,051 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other 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.