Liberty Energy Inc. (LBRT) To Go Ex-Dividend on March 6th

Liberty Energy Inc. (NYSE:LBRT) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Thursday, March 6th will be paid a dividend of 0.08 per share on Thursday, March 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, March 6th.

Liberty Energy has a dividend payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Liberty Energy to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 32.7%.

Liberty Energy Price Performance

NYSE LBRT opened at $22.72 on Friday. Liberty Energy has a one year low of $16.57 and a one year high of $24.75. The stock has a 50-day moving average of $19.46 and a 200 day moving average of $19.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.23. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 10.82 and a beta of 1.66.

Insiders Place Their Bets

In other news, CEO Christopher A. Wright sold 2,936 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $19.16, for a total value of $56,253.76. Following the completion of the transaction, the chief executive officer now owns 2,543,877 shares of the company’s stock, valued at $48,740,683.32. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $23.00, for a total value of $115,000.00. Following the sale, the chief financial officer now directly owns 675,207 shares in the company, valued at $15,529,761. This trade represents a 0.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,973 shares of company stock worth $1,586,335. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LBRT shares. Citigroup boosted their price objective on shares of Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Seaport Res Ptn upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. TD Cowen dropped their price target on Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Atb Cap Markets upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI raised Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.20.

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.