Zacks Research Predicts Liberty Energy FY2028 Earnings

Liberty Energy Inc. (NYSE:LBRT) – Zacks Research issued their FY2028 EPS estimates for Liberty Energy in a report released on Wednesday, February 18th. Zacks Research analyst Team forecasts that the company will earn ($0.58) per share for the year. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Liberty Energy’s current full-year earnings is $0.58 per share.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.21. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $880.59 million. Liberty Energy had a return on equity of 1.24% and a net margin of 3.69%.The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share.

Several other research firms have also commented on LBRT. JPMorgan Chase & Co. upgraded shares of Liberty Energy from a “neutral” rating to an “overweight” rating and set a $24.00 price objective for the company in a research report on Wednesday, December 10th. Morgan Stanley increased their price target on shares of Liberty Energy from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Citigroup lifted their price target on Liberty Energy from $21.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. Stifel Nicolaus boosted their price objective on Liberty Energy from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Finally, TD Cowen upped their price objective on Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Liberty Energy presently has a consensus rating of “Moderate Buy” and an average target price of $26.08.

Liberty Energy Trading Down 0.1%

LBRT stock opened at $26.85 on Friday. The firm has a fifty day moving average price of $21.44 and a 200 day moving average price of $16.67. Liberty Energy has a fifty-two week low of $9.50 and a fifty-two week high of $27.85. The firm has a market cap of $4.35 billion, a PE ratio of 30.17 and a beta of 0.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 1.22.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wellington Shields Capital Management LLC purchased a new stake in Liberty Energy during the 2nd quarter worth approximately $29,000. Los Angeles Capital Management LLC acquired a new stake in shares of Liberty Energy during the fourth quarter worth $29,000. Kelleher Financial Advisors purchased a new stake in shares of Liberty Energy during the third quarter valued at $29,000. First Horizon Corp grew its holdings in shares of Liberty Energy by 58.2% during the fourth quarter. First Horizon Corp now owns 1,620 shares of the company’s stock valued at $30,000 after buying an additional 596 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Liberty Energy in the 4th quarter valued at $32,000. Institutional investors own 98.22% of the company’s stock.

Insider Transactions at Liberty Energy

In related news, CFO Michael Stock sold 25,000 shares of Liberty Energy stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $25.38, for a total value of $634,500.00. Following the completion of the sale, the chief financial officer directly owned 784,819 shares in the company, valued at $19,918,706.22. The trade was a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Arjun N. Murti purchased 9,696 shares of the stock in a transaction dated Tuesday, February 17th. The stock was acquired at an average cost of $25.79 per share, with a total value of $250,059.84. Following the transaction, the director directly owned 27,568 shares in the company, valued at approximately $710,978.72. This trade represents a 54.25% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.90% of the company’s stock.

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. Liberty Energy’s dividend payout ratio (DPR) is presently 40.45%.

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. 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.