Liberty Energy Inc. (NYSE:LBRT - Get Free Report) CEO Christopher A. Wright sold 20,000 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $21.64, for a total transaction of $432,800.00. Following the completion of the sale, the chief executive officer now directly owns 2,818,814 shares in the company, valued at $60,999,134.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Liberty Energy Stock Performance
Shares of Liberty Energy stock opened at $21.64 on Friday. The business has a 50-day simple moving average of $21.55 and a 200-day simple moving average of $19.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.48. Liberty Energy Inc. has a one year low of $11.62 and a one year high of $23.31. The company has a market cap of $3.61 billion, a PE ratio of 7.90, a P/E/G ratio of 1.08 and a beta of 1.83.
Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm earned $0.90 EPS. The company's revenue was down 12.8% on a year-over-year basis. On average, equities research analysts forecast that Liberty Energy Inc. will post 2.52 EPS for the current fiscal year.
Liberty Energy Announces Dividend
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The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, June 5th. Liberty Energy's dividend payout ratio is presently 10.22%.
Institutional Trading of Liberty Energy
A number of institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. raised its position in shares of Liberty Energy by 93.9% during the 4th quarter. Pacer Advisors Inc. now owns 4,587,073 shares of the company's stock worth $83,210,000 after acquiring an additional 2,221,588 shares in the last quarter. Invesco Ltd. increased its stake in Liberty Energy by 455.5% in the third quarter. Invesco Ltd. now owns 1,536,812 shares of the company's stock valued at $28,462,000 after purchasing an additional 1,260,142 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in Liberty Energy in the fourth quarter valued at approximately $21,278,000. Vanguard Group Inc. raised its holdings in Liberty Energy by 4.5% during the third quarter. Vanguard Group Inc. now owns 20,546,529 shares of the company's stock worth $380,522,000 after purchasing an additional 893,563 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Liberty Energy by 4,473.9% during the 3rd quarter. Principal Financial Group Inc. now owns 836,470 shares of the company's stock worth $15,491,000 after buying an additional 818,182 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
LBRT has been the topic of a number of research analyst reports. Morgan Stanley reissued an "equal weight" rating and issued a $24.00 target price on shares of Liberty Energy in a research report on Monday, April 22nd. Barclays increased their target price on Liberty Energy from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, April 19th. Bank of America lifted their target price on Liberty Energy from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Monday, April 15th. Piper Sandler increased their price target on shares of Liberty Energy from $27.00 to $28.00 and gave the stock an "overweight" rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada lifted their price objective on shares of Liberty Energy from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Friday, April 19th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.30.
Check Out Our Latest Report on LBRT
Liberty Energy Company Profile
(
Get Free Report)
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.
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