Liberty Energy (LBRT) Scheduled to Post Earnings on Wednesday

Liberty Energy (NYSE:LBRT) is set to post its quarterly earnings results after the market closes on Wednesday, July 17th. Analysts expect Liberty Energy to post earnings of $0.63 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Thursday, April 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The firm’s revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. On average, analysts expect Liberty Energy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Liberty Energy Stock Up 2.0 %

Shares of NYSE LBRT opened at $21.58 on Tuesday. The firm has a market cap of $3.60 billion, a PE ratio of 7.88, a P/E/G ratio of 1.13 and a beta of 1.74. Liberty Energy has a 12-month low of $14.75 and a 12-month high of $24.75. The company’s fifty day simple moving average is $21.96 and its 200 day simple moving average is $20.97. The company has a quick ratio of 1.16, a current ratio of 1.48 and a debt-to-equity ratio of 0.17.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LBRT shares. Barclays increased their target price on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Morgan Stanley restated an “equal weight” rating and set a $24.00 price objective on shares of Liberty Energy in a report on Monday, April 22nd. Piper Sandler lowered their price objective on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday. Wells Fargo & Company upped their price objective on shares of Liberty Energy from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, Bank of America lowered their target price on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Monday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Liberty Energy has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Insider Buying and Selling

In related news, President Ron Gusek sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $22.99, for a total transaction of $1,149,500.00. Following the completion of the sale, the president now owns 1,213,259 shares in the company, valued at $27,892,824.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Liberty Energy news, CFO Michael Stock sold 4,374 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $21.01, for a total transaction of $91,897.74. Following the completion of the transaction, the chief financial officer now owns 785,207 shares in the company, valued at $16,497,199.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Ron Gusek sold 50,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $22.99, for a total transaction of $1,149,500.00. Following the transaction, the president now owns 1,213,259 shares of the company’s stock, valued at approximately $27,892,824.41. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 176,000 shares of company stock worth $3,932,731. Insiders own 3.60% of the company’s stock.

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.