Liberty Energy Inc. (NYSE:LBRT – Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $34.48 and last traded at $33.1520, with a volume of 158817 shares. The stock had previously closed at $33.48.
Key Stories Impacting Liberty Energy
Here are the key news stories impacting Liberty Energy this week:
- Positive Sentiment: Zacks Research increased its earnings estimates for multiple upcoming quarters and full-year periods, signaling improved profitability expectations for Liberty Energy.
- Positive Sentiment: The firm’s FY2026 estimate improved to a smaller loss of $0.21 per share from $0.62, while FY2027 and FY2028 loss estimates were also raised, which may be seen as a positive trend for the company’s earnings trajectory.
- Neutral Sentiment: These updates are analyst forecast changes rather than new company guidance or operational results, so the market impact may be limited unless other catalysts follow.
- Negative Sentiment: Despite the revisions, Zacks still expects Liberty Energy to remain unprofitable across the forecast period, so earnings remain below breakeven in the near term.
Analyst Ratings Changes
Several research firms have commented on LBRT. Royal Bank Of Canada restated a “sector perform” rating and set a $32.00 price objective on shares of Liberty Energy in a report on Friday, April 24th. Citigroup raised their price objective on Liberty Energy from $21.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. The Goldman Sachs Group raised their price objective on Liberty Energy from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. Wall Street Zen upgraded Liberty Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, TD Cowen raised their price objective on Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.42.
Liberty Energy Price Performance
The company has a current ratio of 2.21, a quick ratio of 1.97 and a debt-to-equity ratio of 0.75. The firm has a market cap of $5.37 billion, a P/E ratio of 36.16 and a beta of 0.56. The firm has a 50-day simple moving average of $30.03 and a 200-day simple moving average of $23.91.
Liberty Energy (NYSE:LBRT – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.19. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $954.71 million. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 EPS. As a group, analysts forecast that Liberty Energy Inc. will post -0.19 EPS for the current year.
Liberty Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 4th. Liberty Energy’s dividend payout ratio (DPR) is 39.56%.
Insider Buying and Selling at Liberty Energy
In other news, Chairman William F. Kimble sold 7,350 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $33.92, for a total value of $249,312.00. Following the completion of the sale, the chairman owned 89,805 shares of the company’s stock, valued at $3,046,185.60. This trade represents a 7.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arjun N. Murti acquired 9,696 shares of the stock in a transaction dated Tuesday, February 17th. The stock was acquired at an average cost of $25.79 per share, with a total value of $250,059.84. Following the transaction, the director directly owned 27,568 shares in the company, valued at approximately $710,978.72. This represents a 54.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.00% of the stock is currently owned by company insiders.
Institutional Trading of Liberty Energy
Institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC boosted its position in shares of Liberty Energy by 79.6% in the 1st quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock worth $26,000 after purchasing an additional 405 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of Liberty Energy in the 1st quarter worth $26,000. Summit Securities Group LLC acquired a new stake in shares of Liberty Energy in the 1st quarter worth $28,000. Los Angeles Capital Management LLC acquired a new stake in shares of Liberty Energy in the 4th quarter worth $29,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Liberty Energy in the 3rd quarter worth $29,000. Institutional investors and hedge funds own 98.22% of the company’s stock.
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. 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.
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