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

Liberty Energy Inc. (NYSE:LBRT) has announced a quarterly dividend of $0.08 per share, set to be paid to investors on record as of Thursday, March 6th. The dividend payment is scheduled for Thursday, March 20th. This quarterly dividend reflects an annualized payout of $0.32, translating to a yield of 1.44%.

Financial Overview

Liberty Energy's dividend payout ratio stands at 20.1%, indicating that the earnings generated by the company sufficiently cover the dividend payments. Analysts forecast that Liberty Energy is expected to earn $0.98 per share in the upcoming year. Consequently, the company should be able to maintain its dividend with a projected future payout ratio of 32.7%.

Stock Performance

On the trading floor, Liberty Energy's stock saw a decrease of 2.0%, falling by $0.44 to reach $22.18 during midday trading. The trading volume for the day was reported at 2,689,263 shares, which is slightly below its average volume of 2,809,387 shares. With a market capitalization of $3.62 billion, the company has a PE ratio of 10.56 and a beta of 1.66. Its debt-to-equity ratio is 0.17, while the current ratio and quick ratio are 1.23 and 0.97, respectively. Over the past year, the stock has experienced a low of $16.57 and a high of $24.75, with its fifty-day moving average price at $19.27 and two-hundred-day moving average at $19.74.

Analyst Ratings

Liberty Energy has recently come under review by several equity analysts. For instance, Seaport Res Ptn upgraded the company's rating from "hold" to "strong-buy" as of January 5th. Meanwhile, the Goldman Sachs Group initiated coverage on Liberty Energy with a "neutral" rating and set a price target of $19.00. Stifel Nicolaus adjusted their price target from $25.00 to $23.00, maintaining a "buy" rating for the stock. Royal Bank of Canada also revised their target from $26.00 to $23.00, giving it an "outperform" rating. Atb Cap Markets similarly raised Liberty Energy's rating from "hold" to "strong-buy". Overall, the consensus rating stands at "Moderate Buy" with an average price target of $22.20.

Insider Activity

In recent insider transactions, CFO Michael Stock sold 5,000 shares of Liberty Energy on January 16th at an average price of $23.00, amounting to a total sale value of $115,000. Following the transaction, he holds 675,207 shares, valued at approximately $15.53 million. Additionally, CEO Christopher A. Wright sold 2,936 shares on December 10th for around $56,253.76. Post-sale, he owns 2,543,877 shares, worth about $48.74 million. Over the last three months, insiders have collectively sold 82,973 shares, totaling $1.59 million. Insider ownership currently stands at 3.70% of the company's stock.

About Liberty Energy

Liberty Energy Inc. specializes in providing hydraulic services and related technologies to the onshore oil and natural gas sectors in North America. The company offers various services, including hydraulic fracturing, proppant delivery solutions, field gas processing, and well site logistics.

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