Seaport Res Ptn Forecasts Liberty Energy FY2027 Earnings

Liberty Energy Inc. (NYSE:LBRT) – Analysts at Seaport Res Ptn issued their FY2027 earnings estimates for Liberty Energy in a report issued on Monday, October 20th. Seaport Res Ptn analyst T. Curran expects that the company will post earnings of $0.22 per share for the year. The consensus estimate for Liberty Energy’s current full-year earnings is $0.58 per share.

Liberty Energy (NYSE:LBRT) last released its earnings results on Thursday, October 16th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Liberty Energy had a net margin of 4.76% and a return on equity of 1.69%. The firm had revenue of $947.40 million during the quarter, compared to analyst estimates of $967.05 million. During the same quarter in the previous year, the firm earned $0.45 EPS. Liberty Energy’s quarterly revenue was down 16.8% on a year-over-year basis.

Several other brokerages have also weighed in on LBRT. Stifel Nicolaus dropped their price objective on shares of Liberty Energy from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, July 28th. Piper Sandler set a $16.00 price objective on shares of Liberty Energy and gave the company a “neutral” rating in a report on Monday. Barclays upped their price objective on shares of Liberty Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Liberty Energy in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price objective on shares of Liberty Energy from $11.00 to $18.00 and gave the company a “neutral” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Liberty Energy currently has an average rating of “Moderate Buy” and an average price target of $16.10.

Liberty Energy Price Performance

Shares of NYSE LBRT opened at $15.23 on Wednesday. The firm’s 50-day moving average price is $11.88 and its 200-day moving average price is $11.93. Liberty Energy has a 1-year low of $9.50 and a 1-year high of $23.58. The firm has a market capitalization of $2.47 billion, a P/E ratio of 13.59 and a beta of 0.74. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.

Institutional Trading of Liberty Energy

A number of institutional investors have recently modified their holdings of the company. Apollon Wealth Management LLC boosted its holdings in shares of Liberty Energy by 0.7% during the second quarter. Apollon Wealth Management LLC now owns 126,088 shares of the company’s stock worth $1,447,000 after purchasing an additional 829 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Liberty Energy by 4.8% during the second quarter. Nisa Investment Advisors LLC now owns 21,486 shares of the company’s stock worth $247,000 after purchasing an additional 989 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Liberty Energy by 0.7% during the second quarter. California State Teachers Retirement System now owns 145,252 shares of the company’s stock worth $1,667,000 after purchasing an additional 1,012 shares during the period. Cooper Financial Group boosted its holdings in shares of Liberty Energy by 10.9% during the first quarter. Cooper Financial Group now owns 11,641 shares of the company’s stock worth $184,000 after purchasing an additional 1,145 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in shares of Liberty Energy by 1.9% during the second quarter. Yousif Capital Management LLC now owns 63,748 shares of the company’s stock worth $732,000 after purchasing an additional 1,212 shares during the period. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, December 4th. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 2.4%. Liberty Energy’s dividend payout ratio (DPR) is currently 28.57%.

About Liberty Energy

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.