Liberty Energy Inc. (NYSE:LBRT – Get Free Report) announced a quarterly dividend on Tuesday, April 14th. Shareholders of record on Thursday, June 4th will be given a dividend of 0.09 per share on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th.
Liberty Energy has increased its dividend payment by an average of 0.5%annually 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Liberty Energy to earn $0.33 per share next year, which means the company may not be able to cover its $0.36 annual dividend with an expected future payout ratio of 109.1%.
Liberty Energy Stock Up 0.2%
LBRT opened at $29.31 on Tuesday. Liberty Energy has a fifty-two week low of $9.90 and a fifty-two week high of $34.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.97. The firm’s fifty day moving average price is $30.41 and its two-hundred day moving average price is $25.02. The company has a market capitalization of $4.78 billion, a P/E ratio of 32.21, a P/E/G ratio of 8.75 and a beta of 0.56.
Wall Street Analyst Weigh In
LBRT has been the subject of a number of research analyst reports. Wall Street Zen raised Liberty Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. UBS Group reissued a “buy” rating on shares of Liberty Energy in a report on Tuesday, May 26th. Royal Bank Of Canada reissued a “sector perform” rating and set a $32.00 price objective on shares of Liberty Energy in a report on Friday, April 24th. Morgan Stanley set a $36.00 price objective on Liberty Energy in a report on Monday, April 27th. Finally, Citigroup boosted 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. Seven equities research analysts have rated the stock with a Buy rating and seven have issued 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 price target of $30.42.
Check Out Our Latest Analysis on Liberty Energy
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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