Brokers Issue Forecasts for Liberty Energy FY2028 Earnings

Liberty Energy Inc. (NYSE:LBRT) – Stock analysts at Zacks Research issued their FY2028 earnings estimates for Liberty Energy in a research report issued to clients and investors on Wednesday, February 18th. Zacks Research analyst Team forecasts that the company will post earnings of ($0.58) per share for the year. Zacks Research 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 announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.21. Liberty Energy had a net margin of 3.69% and a return on equity of 1.24%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $880.59 million. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year.

Several other equities research analysts have also recently issued reports on LBRT. Piper Sandler upgraded shares of Liberty Energy from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $17.00 to $32.00 in a report on Monday, February 2nd. Wall Street Zen upgraded Liberty Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Liberty Energy in a research note on Monday, December 29th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Liberty Energy in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. upgraded Liberty Energy from a “neutral” rating to an “overweight” rating and set a $24.00 target price on the stock in a research report on Wednesday, December 10th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Liberty Energy presently has an average rating of “Moderate Buy” and an average price target of $26.08.

Liberty Energy Price Performance

NYSE LBRT opened at $26.81 on Friday. The stock has a 50-day moving average of $21.29 and a 200 day moving average of $16.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 1.22. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 30.12 and a beta of 0.49. Liberty Energy has a one year low of $9.50 and a one year high of $27.85.

Liberty Energy Dividend Announcement

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

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 25,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $25.38, for a total transaction of $634,500.00. Following the sale, the chief financial officer directly owned 784,819 shares of the company’s stock, valued at approximately $19,918,706.22. This trade represents a 3.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arjun N. Murti acquired 9,696 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average cost of $25.79 per share, for a total transaction of $250,059.84. Following the completion of the acquisition, the director owned 27,568 shares of the company’s stock, valued at approximately $710,978.72. This represents a 54.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Maryland State Retirement & Pension System grew its stake in shares of Liberty Energy by 2.0% in the fourth quarter. Maryland State Retirement & Pension System now owns 23,760 shares of the company’s stock worth $439,000 after acquiring an additional 477 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Liberty Energy by 2.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 22,583 shares of the company’s stock valued at $417,000 after buying an additional 500 shares in the last quarter. First Horizon Corp boosted its position in shares of Liberty Energy by 58.2% during the 4th quarter. First Horizon Corp now owns 1,620 shares of the company’s stock worth $30,000 after purchasing an additional 596 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Liberty Energy by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,085 shares of the company’s stock valued at $685,000 after buying an additional 600 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Liberty Energy by 39.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,140 shares of the company’s stock worth $40,000 after acquiring an additional 610 shares during the period. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

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.