Liberty Energy (LBRT) Expected to Announce Earnings on Wednesday

Liberty Energy (NYSE:LBRT) will likely be announcing its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.16 per share and revenue of $979,427.24 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Liberty Energy Stock Performance

NYSE:LBRT opened at $22.67 on Monday. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $19.18 and a 200-day moving average of $19.73. Liberty Energy has a twelve month low of $16.57 and a twelve month high of $24.75. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 10.79 and a beta of 1.66.

Analysts Set New Price Targets

Several research firms have recently weighed in on LBRT. Wells Fargo & Company reduced their price objective on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Evercore ISI raised shares of Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. TD Cowen cut their price target on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Seaport Res Ptn upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.20.

Insider Buying and Selling at Liberty Energy

In related news, CFO Michael Stock sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $23.00, for a total value of $115,000.00. Following the transaction, the chief financial officer now directly owns 675,207 shares in the company, valued at approximately $15,529,761. This trade represents a 0.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher A. Wright sold 2,037 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $18.15, for a total transaction of $36,971.55. Following the sale, the chief executive officer now owns 2,578,813 shares of the company’s stock, valued at $46,805,455.95. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,973 shares of company stock worth $1,586,335 over the last three months. Corporate insiders own 3.70% 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.