Liberty Energy Inc. (NYSE:LBRT), a $3.79 billion energy services company trading near its 52-week high, has reported that Michael Stock, the company’s Chief Financial Officer, executed a sale of 5,000 shares of Class A Common Stock. The transaction, which took place on January 16, 2025, was conducted at a weighted average price of $23.0031 per share, resulting in a total sale value of approximately $115,015. According to InvestingPro analysis, the stock appears slightly overvalued at current levels.
The shares were sold as part of a pre-established Rule 10b5-1 trading plan that Stock adopted in September 2024, allowing for sales to commence in January 2025. Following this transaction, Stock retains direct ownership of 675,207 shares of Liberty Energy.
The sale was executed in multiple transactions at prices ranging between $23.00 and $23.02 per share. Stock has committed to providing further details on the specific number of shares sold at each price upon request to Liberty Energy Inc., its security holders, or the Securities and Exchange Commission.
In other recent news, Liberty Oilfield Services (NYSE:LBRT) has been the subject of several financial adjustments. Citi analysts downgraded the stock from Buy to Neutral, setting a new price target of $13.00. They also revised their fourth-quarter EBITDA estimate for the company downward by 3% to $166 million and reduced their 2025 EBITDA estimate by 4% to $765 million. Meanwhile, Goldman Sachs maintained a neutral view on Liberty Oilfield Services, recognizing the value in the company’s share buyback program, and set a price target of $19.00.
In addition, Stifel maintained a Buy rating on Liberty Oilfield Services but lowered its price target to $25, citing disappointing fourth quarter guidance and pricing challenges. RBC Capital Markets also reduced its price target for Liberty Oilfield Services to $23 while maintaining an Outperform rating.
The company has also announced significant changes in its executive team. Christopher A. Wright, the company’s Founder, Chairman, Director, and CEO, has been nominated for the position of U.S. Secretary of Energy. William Kimble has been appointed as the non-executive Chairman of the Board, and Ron Gusek has been named the new CEO.
In terms of earnings, Liberty reported strong Q3 results for 2024, with revenues reaching $1.1 billion and an adjusted EBITDA of $248 million. The company executives project Q4 capital expenditures to be around $200 million and forecast 2025 capital expenditures at approximately $650 million. These recent developments underscore Liberty Oilfield Services’ commitment to efficiency improvements and strategic investments.
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