Liberty Energy Inc. (NYSE:LBRT – Get Free Report) declared a quarterly dividend on Tuesday, July 14th. Stockholders of record on Friday, September 4th will be given a dividend of 0.09 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, September 4th.
Liberty Energy has raised its dividend by an average of 0.5%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Liberty Energy has a dividend payout ratio of 78.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Liberty Energy to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 62.1%.
Liberty Energy Price Performance
LBRT opened at $25.26 on Wednesday. The company has a fifty day simple moving average of $28.80 and a 200 day simple moving average of $26.96. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 2.18 and a beta of 0.54. Liberty Energy has a twelve month low of $9.90 and a twelve month high of $34.48. The company has a current ratio of 2.21, a quick ratio of 1.97 and a debt-to-equity ratio of 0.75.
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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