Liberty Energy (LBRT) to Release Earnings on Wednesday

Liberty Energy (NYSE:LBRT – Get Rating) is scheduled to announce its earnings results after the market closes on Wednesday, January 25th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Liberty Energy Trading Down 1.6 %

NYSE LBRT traded down $0.24 during trading hours on Tuesday, hitting $14.56. The company’s stock had a trading volume of 4,092,610 shares, compared to its average volume of 2,361,874. The stock has a fifty day moving average of $15.74 and a 200 day moving average of $14.91. Liberty Energy has a twelve month low of $10.45 and a twelve month high of $20.05. The firm has a market capitalization of $2.66 billion, a P/E ratio of 14.71 and a beta of 2.21. The company has a quick ratio of 1.15, a current ratio of 1.41 and a debt-to-equity ratio of 0.19.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. ATB Capital increased their target price on shares of Liberty Energy to $23.50 in a report on Thursday, October 27th. TheStreet upgraded shares of Liberty Energy from a “c” rating to a “b-” rating in a report on Wednesday, October 19th. Cowen increased their target price on shares of Liberty Energy to $16.00 in a report on Thursday, October 27th. The Goldman Sachs Group increased their target price on shares of Liberty Energy from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, October 21st. Finally, Citigroup lowered shares of Liberty Energy from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Tuesday, January 17th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.59.

Insider Transactions at Liberty Energy

In related news, CEO Christopher A. Wright sold 2,300 shares of the firm’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $17.04, for a total value of $39,192.00. Following the completion of the transaction, the chief executive officer now owns 3,305,615 shares of the company’s stock, valued at $56,327,679.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Christopher A. Wright sold 37,500 shares of the firm’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $17.34, for a total value of $650,250.00. Following the completion of the transaction, the chief executive officer now owns 3,268,115 shares of the company’s stock, valued at $56,669,114.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher A. Wright sold 2,300 shares of the firm’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $17.04, for a total transaction of $39,192.00. Following the completion of the transaction, the chief executive officer now directly owns 3,305,615 shares of the company’s stock, valued at approximately $56,327,679.60. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock valued at $707,442 over the last quarter. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. grew its position in shares of Liberty Energy by 45.3% in the 2nd quarter. American International Group Inc. now owns 66,830 shares of the company’s stock valued at $853,000 after acquiring an additional 20,843 shares during the period. Ergoteles LLC bought a new position in shares of Liberty Energy in the 1st quarter valued at about $846,000. UBS Group AG grew its position in shares of Liberty Energy by 3.1% in the 1st quarter. UBS Group AG now owns 55,152 shares of the company’s stock valued at $818,000 after acquiring an additional 1,641 shares during the period. Walleye Capital LLC bought a new position in shares of Liberty Energy in the 1st quarter valued at about $769,000. Finally, MetLife Investment Management LLC lifted its stake in shares of Liberty Energy by 106.8% during the 1st quarter. MetLife Investment Management LLC now owns 49,221 shares of the company’s stock worth $729,000 after buying an additional 25,424 shares during the last quarter. Institutional investors own 85.26% of the company’s stock.

Liberty Energy Company Profile

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Liberty Energy Inc provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies.