Key Points
- Liberty Energy CFO Michael Stock sold 3,333 shares at an average price of $18.17, generating $60,560.61. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 0.44% to 757,046 shares.
- Liberty Energy recently reported quarterly revenue of $1.19 billion and earnings of $0.09 per share, slightly exceeding analyst estimates; revenue increased 14% year over year.
- Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $27.54, while the company pays a $0.09 quarterly dividend yielding approximately 1.8%.
Liberty Energy Inc. (NYSE:LBRT - Get Free Report) CFO Michael Stock sold 3,333 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $18.17, for a total transaction of $60,560.61. Following the completion of the sale, the chief financial officer owned 757,046 shares of the company's stock, valued at approximately $13,755,525.82. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael Stock also recently made the following trade(s):
- On Tuesday, September 1st, Michael Stock sold 6,666 shares of Liberty Energy stock. The stock was sold at an average price of $19.84, for a total transaction of $132,253.44.
- On Monday, August 3rd, Michael Stock sold 3,333 shares of Liberty Energy stock. The stock was sold at an average price of $17.95, for a total transaction of $59,827.35.
Liberty Energy Trading Up 1.6%
NYSE LBRT opened at $19.61 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.75 and a current ratio of 1.99. The firm has a market cap of $3.20 billion, a PE ratio of 26.51, a P/E/G ratio of 3.04 and a beta of 0.71. Liberty Energy Inc. has a one year low of $11.52 and a one year high of $34.48. The firm's fifty day moving average is $19.63 and its two-hundred day moving average is $25.34.
Liberty Energy (NYSE:LBRT - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. Liberty Energy had a net margin of 2.92% and a return on equity of 1.14%. The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the prior year, the company earned $0.12 earnings per share. The business's revenue was up 14.0% compared to the same quarter last year. Analysts expect that Liberty Energy Inc. will post 0.31 earnings per share for the current year.
Liberty Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.36 annualized dividend and a yield of 1.8%. Liberty Energy's dividend payout ratio is currently 48.65%.
Hedge Funds Weigh In On Liberty Energy
Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Liberty Energy by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,233,668 shares of the company's stock valued at $265,931,000 after buying an additional 431,269 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Liberty Energy by 901.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,431,125 shares of the company's stock worth $127,616,000 after acquiring an additional 3,988,535 shares during the period. Bank of New York Mellon Corp purchased a new position in Liberty Energy in the second quarter worth $61,185,000. Eventide Asset Management LLC purchased a new position in Liberty Energy in the fourth quarter worth $36,394,000. Finally, Bridgeway Capital Management LLC lifted its holdings in Liberty Energy by 6.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,238,961 shares of the company's stock valued at $22,871,000 after acquiring an additional 69,780 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on LBRT shares. Stifel Nicolaus lowered their target price on Liberty Energy from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Citigroup decreased their price target on Liberty Energy from $28.50 to $27.50 and set a "buy" rating for the company in a report on Wednesday, September 30th. Wall Street Zen lowered shares of Liberty Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Weiss Ratings lowered shares of Liberty Energy from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, September 18th. Finally, UBS Group dropped their price objective on shares of Liberty Energy from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Wednesday, September 30th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Liberty Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.54.
Check Out Our Latest Report on Liberty Energy
About Liberty Energy
(
Get Free Report)
Liberty Energy Inc is an oilfield services company that provides hydraulic fracturing and related completion services to exploration and production companies. Its operations support the development of unconventional oil and natural gas wells, primarily in North America.
The company's services and technologies include pressure pumping, well stimulation, wireline services, proppant and logistics solutions, and digital tools designed to improve completion performance and operational efficiency.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
