Liberty Energy (LBRT) Expected to Announce Earnings on Wednesday

Liberty Energy (NYSE:LBRT) is anticipated to release its earnings data 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 results on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.10). The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. 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 Stock Performance

Shares of LBRT traded up $1.34 during mid-day trading on Wednesday, hitting $22.73. The stock had a trading volume of 2,682,692 shares, compared to its average volume of 2,890,988. Liberty Energy has a 52 week low of $16.57 and a 52 week high of $24.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. The business has a fifty day moving average price of $18.98 and a 200-day moving average price of $19.70. The firm has a market cap of $3.71 billion, a P/E ratio of 10.82 and a beta of 1.66.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LBRT shares. The Goldman Sachs Group assumed coverage on Liberty Energy in a report on Friday, December 13th. They issued a “neutral” rating and a $19.00 price target for the company. Wells Fargo & Company reduced their target price on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Evercore ISI raised shares of Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. 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 research note on Tuesday, January 7th. Finally, Atb Cap Markets raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. 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.com, Liberty Energy presently has an average rating of “Moderate Buy” and an average price target of $22.20.

Insider Buying and Selling

In other news, CEO Christopher A. Wright sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $17.44, for a total transaction of $209,280.00. Following the transaction, the chief executive officer now directly owns 2,606,813 shares of the company’s stock, valued at approximately $45,462,818.72. This trade represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $17.21, for a total value of $86,050.00. Following the completion of the transaction, the chief financial officer now directly owns 725,207 shares in the company, valued at $12,480,812.47. This trade represents a 0.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,973 shares of company stock worth $1,471,335. Corporate insiders own 3.60% of the company’s stock.

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.