Liberty Energy (LBRT) to Release Earnings on Wednesday

Liberty Energy (NYSE:LBRT) is projected to post its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect Liberty Energy to post earnings of $0.16 per share and revenue of $979,427.24 billion for the quarter.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. Liberty Energy’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. On average, analysts expect Liberty Energy to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Liberty Energy Trading Up 6.3 %

Shares of Liberty Energy stock traded up $1.34 during midday trading on Wednesday, reaching $22.73. 2,682,692 shares of the company’s stock traded hands, compared to its average volume of 2,890,988. The stock has a 50 day moving average of $18.98 and a 200-day moving average of $19.70. Liberty Energy has a 12 month low of $16.57 and a 12 month high of $24.75. The company has a market cap of $3.71 billion, a PE ratio of 10.82 and a beta of 1.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.23.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LBRT shares. Stifel Nicolaus cut their target price on shares of Liberty Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. The Goldman Sachs Group initiated coverage on Liberty Energy in a research note on Friday, December 13th. They issued a “neutral” rating and a $19.00 target price for the company. Finally, Citigroup lifted their price target on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Liberty Energy has a consensus rating of “Moderate Buy” and an average target price of $22.20.

Insider Activity

In other Liberty Energy news, CEO Christopher A. Wright sold 2,037 shares of Liberty Energy stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $18.15, for a total value of $36,971.55. Following the completion of the sale, the chief executive officer now owns 2,578,813 shares of the company’s stock, valued at approximately $46,805,455.95. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Stock sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $17.21, for a total value of $86,050.00. Following the transaction, the chief financial officer now directly owns 725,207 shares in the company, valued at approximately $12,480,812.47. The trade was a 0.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,973 shares of company stock worth $1,471,335 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

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.