Liberty Energy (LBRT) to Release Earnings on Wednesday

Liberty Energy (NYSE:LBRT) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.16 per share and revenue of $979,427.24 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Liberty Energy Stock Down 2.0 %

NYSE:LBRT opened at $22.67 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. Liberty Energy has a 1-year low of $16.57 and a 1-year high of $24.75. The company has a 50-day moving average of $19.27 and a 200 day moving average of $19.74. The firm has a market cap of $3.70 billion, a PE ratio of 10.79 and a beta of 1.66.

Insider Activity at Liberty Energy

In related news, CFO Michael Stock sold 5,000 shares of the stock in a transaction that occurred 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 owns 725,207 shares in the company, valued at approximately $12,480,812.47. This represents a 0.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher A. Wright sold 12,000 shares of the firm’s stock in a transaction that occurred on 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 $45,462,818.72. This represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,973 shares of company stock valued at $1,586,335 in the last three months. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Barclays reduced their price target on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Evercore ISI raised Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, TD Cowen reduced their target price on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Liberty Energy presently has a consensus rating of “Moderate Buy” and an average target price of $22.20.

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.