Atb Cap Markets Predicts Lower Earnings for Liberty Energy

Liberty Energy Inc. (NYSE:LBRT) – Equities researchers at Atb Cap Markets dropped their Q4 2024 earnings per share estimates for shares of Liberty Energy in a research report issued to clients and investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now anticipates that the company will post earnings per share of ($0.02) for the quarter, down from their previous estimate of $0.14. Atb Cap Markets currently has a “Strong-Buy” rating on the stock. The consensus estimate for Liberty Energy’s current full-year earnings is $1.72 per share.

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

A number of other analysts have also commented on the stock. Royal Bank of Canada lowered their target price on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Stifel Nicolaus decreased their price objective on Liberty Energy from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, October 18th. The Goldman Sachs Group assumed coverage on Liberty Energy in a report on Friday. They issued a “neutral” rating and a $19.00 price objective for the company. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Barclays lowered their price target on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

Liberty Energy Stock Down 0.9 %

Shares of NYSE:LBRT opened at $18.99 on Friday. The company has a 50 day moving average of $18.30 and a 200-day moving average of $20.03. Liberty Energy has a one year low of $16.57 and a one year high of $24.75. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 9.04 and a beta of 1.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97.

Liberty Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.08 per share. This is an increase from Liberty Energy’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, December 6th. Liberty Energy’s dividend payout ratio (DPR) is 15.24%.

Insider Buying and Selling at Liberty Energy

In related news, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction that occurred on Monday, September 16th. The stock was 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 approximately $53,335,166.83. This trade represents a 0.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Stock sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $19.23, for a total value of $288,450.00. Following the completion of the sale, the chief financial officer now owns 730,207 shares in the company, valued at $14,041,880.61. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,973 shares of company stock valued at $2,144,485. 3.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. EdgeRock Capital LLC acquired a new stake in Liberty Energy during the 2nd quarter valued at $32,000. Covestor Ltd lifted its position in shares of Liberty Energy by 96.8% during the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after buying an additional 838 shares during the last quarter. Quarry LP boosted its stake in shares of Liberty Energy by 237.5% in the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after purchasing an additional 1,401 shares in the last quarter. nVerses Capital LLC boosted its position in Liberty Energy by 45.0% in the second quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after buying an additional 900 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Liberty Energy by 82.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock valued at $61,000 after acquiring an additional 1,431 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

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.