Liberty Energy Inc. (NYSE:LBRT) Announces Quarterly Dividend of $0.09

Liberty Energy Inc. (NYSE:LBRT) declared a quarterly dividend on Tuesday, July 14th. Stockholders of record on Friday, September 4th will be paid a dividend of 0.09 per share on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, September 4th.

Liberty Energy has increased its dividend payment by an average of 0.5%annually over the last three years and has raised its dividend every year for the last 2 years. Liberty Energy has a payout ratio of 78.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Liberty Energy to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 62.1%.

Liberty Energy Stock Up 0.1%

Liberty Energy stock opened at $25.26 on Wednesday. The company has a market capitalization of $4.12 billion, a P/E ratio of 27.76, a P/E/G ratio of 2.18 and a beta of 0.54. The firm’s fifty day simple moving average is $28.80 and its 200-day simple moving average is $26.96. The company has a current ratio of 2.21, a quick ratio of 1.97 and a debt-to-equity ratio of 0.75. Liberty Energy has a 1-year low of $9.90 and a 1-year high of $34.48.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.19. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $954.71 million. Liberty Energy had a net margin of 3.71% and a return on equity of 1.41%. Liberty Energy’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 earnings per share. Sell-side analysts forecast that Liberty Energy will post 0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group reaffirmed a “buy” rating on shares of Liberty Energy in a research report on Friday, June 26th. Piper Sandler boosted their target price on Liberty Energy from $32.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Energy in a research report on Friday, May 1st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $32.00 price target on shares of Liberty Energy in a report on Friday, April 24th. Finally, Stifel Nicolaus boosted their price objective on shares of Liberty Energy from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Liberty Energy currently has a consensus rating of “Moderate Buy” and an average target price of $32.18.

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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.