Liberty Energy Inc. (NYSE:LBRT) Declares $0.08 Quarterly Dividend

by · The Markets Daily

Liberty Energy Inc. (NYSE:LBRT – Get Free Report) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Thursday, March 6th will be given a dividend of 0.08 per share on Thursday, March 20th. This represents a $0.32 dividend on an annualized basis and a yield of 1.44%.

Liberty Energy has a payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Liberty Energy to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 32.7%.

Liberty Energy Price Performance

NYSE LBRT traded down $0.44 during trading on Wednesday, reaching $22.18. 2,689,526 shares of the company traded hands, compared to its average volume of 2,809,397. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.23. The stock’s 50 day moving average price is $19.27 and its two-hundred day moving average price is $19.74. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 10.56 and a beta of 1.66. Liberty Energy has a 1-year low of $16.57 and a 1-year high of $24.75.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LBRT. Seaport Res Ptn upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. Wells Fargo & Company cut their target price on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Barclays cut their target price on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Stifel Nicolaus cut their target price on shares of Liberty Energy from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Five equities 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.20.

Read Our Latest Report on LBRT

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 12,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $17.44, for a total transaction of $209,280.00. Following the completion of the sale, the chief executive officer now owns 2,606,813 shares in the company, valued at approximately $45,462,818.72. The trade was a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Stock sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $17.21, for a total transaction of $86,050.00. Following the sale, the chief financial officer now owns 725,207 shares of the company’s stock, valued at $12,480,812.47. The trade was a 0.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,973 shares of company stock worth $1,586,335. Insiders own 3.70% of the company’s stock.

Liberty Energy Company Profile

(Get Free Report)

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.

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