Liberty Energy (NYSE:LBRT – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01, Yahoo Finance reports. Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $0.87 EPS. Liberty Energy’s revenue for the quarter was down 2.9% compared to the same quarter last year.
Liberty Energy Stock Performance
Shares of NYSE LBRT opened at $22.14 on Thursday. The company’s fifty day moving average price is $21.97 and its 200 day moving average price is $21.00. Liberty Energy has a 1 year low of $14.75 and a 1 year high of $24.75. The company has a market capitalization of $3.69 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 1.27 and a beta of 1.74. 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 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, September 6th. Liberty Energy’s dividend payout ratio (DPR) is presently 10.22%.
Insider Buying and Selling
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on LBRT. Wells Fargo & Company upped their price target on shares of Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Piper Sandler dropped their price objective on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.00 price objective on shares of Liberty Energy in a report on Monday, April 22nd. Barclays upped their price objective on shares of Liberty Energy from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Royal Bank of Canada upped 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. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.00.
Read Our Latest Stock 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.
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