Liberty Energy Inc. (LBRT) to Distribute Quarterly Dividend of $0.09 on September 18th

Liberty Energy Inc. (NYSE:LBRTGet Free Report) announced a quarterly dividend on Tuesday, July 14th. Shareholders of record on Friday, September 4th will be paid a dividend of 0.09 per share on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 4th.

Liberty Energy has increased its dividend payment by an average of 0.5%per year over the last three years and has increased its dividend every year for the last 2 years. Liberty Energy has a 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. Analysts expect Liberty Energy to earn $0.61 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 59.0%.

Liberty Energy Price Performance

LBRT opened at $25.17 on Thursday. Liberty Energy has a 12-month low of $9.90 and a 12-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. The business’s fifty day simple moving average is $28.65 and its 200-day simple moving average is $27.01. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.98 and a beta of 0.54.

Liberty Energy (NYSE:LBRTGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.19. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $954.71 million. During the same quarter last year, the firm posted $0.04 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Liberty Energy will post 0.27 earnings per share for the current fiscal year.

Key Headlines Impacting Liberty Energy

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About Liberty Energy

(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. 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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Dividend History for Liberty Energy (NYSE:LBRT)

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