Zacks: Brokerages Anticipate Liberty Energy Inc. (NYSE:LBRT) to Post $0.12 Earnings Per Share

Equities analysts predict that Liberty Energy Inc. (NYSE:LBRTGet Rating) will announce earnings per share (EPS) of $0.12 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Liberty Energy’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at $0.19. Liberty Energy reported earnings per share of ($0.29) in the same quarter last year, which would indicate a positive year over year growth rate of 141.4%. The business is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Liberty Energy will report full-year earnings of $0.50 per share for the current year, with EPS estimates ranging from ($0.12) to $0.69. For the next fiscal year, analysts anticipate that the company will report earnings of $1.23 per share, with EPS estimates ranging from $0.79 to $1.62. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Liberty Energy.

Liberty Energy (NYSE:LBRTGet Rating) last posted its quarterly earnings results on Wednesday, April 20th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.13. The firm had revenue of $792.77 million during the quarter, compared to the consensus estimate of $739.42 million. Liberty Energy had a negative return on equity of 12.17% and a negative net margin of 5.55%. The business’s revenue was up 43.6% compared to the same quarter last year. During the same period last year, the company earned ($0.21) earnings per share.

A number of analysts have recently issued reports on LBRT shares. Barclays raised their price objective on Liberty Energy from $15.00 to $19.00 in a research report on Wednesday, April 27th. Piper Sandler lifted their price target on Liberty Energy from $12.25 to $17.60 and gave the stock a “neutral” rating in a report on Wednesday, April 13th. Morgan Stanley lifted their price target on Liberty Energy from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, April 25th. Stifel Nicolaus lifted their price target on Liberty Energy from $15.00 to $18.00 in a report on Friday, April 8th. Finally, Royal Bank of Canada lifted their price target on Liberty Energy from $18.00 to $21.00 and gave the stock a “sector perform” rating in a report on Friday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.91.

LBRT opened at $16.44 on Friday. Liberty Energy has a 12-month low of $8.50 and a 12-month high of $20.05. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of -19.34 and a beta of 2.36. The business has a 50 day moving average of $15.76 and a 200-day moving average of $12.95. The company has a quick ratio of 1.00, a current ratio of 1.22 and a debt-to-equity ratio of 0.17.

In related news, major shareholder Limited/Nv Schlumberger sold 7,224,173 shares of the business’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $11.60, for a total transaction of $83,800,406.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of LBRT. Point72 Hong Kong Ltd acquired a new position in Liberty Energy during the 4th quarter worth about $26,000. Fieldpoint Private Securities LLC acquired a new position in Liberty Energy during the 4th quarter worth about $57,000. UBS Group AG lifted its holdings in Liberty Energy by 807.2% during the 3rd quarter. UBS Group AG now owns 5,271 shares of the company’s stock worth $64,000 after buying an additional 4,690 shares during the period. Royal Bank of Canada lifted its holdings in Liberty Energy by 380.6% during the 2nd quarter. Royal Bank of Canada now owns 7,003 shares of the company’s stock worth $100,000 after buying an additional 5,546 shares during the period. Finally, Advisor Group Holdings Inc. lifted its holdings in Liberty Energy by 5,231.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 10,663 shares of the company’s stock worth $104,000 after buying an additional 10,463 shares during the period. Institutional investors and hedge funds own 88.18% of the company’s stock.

About Liberty Energy (Get Rating)

Liberty Energy Inc provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies.

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