Bullish indicating open at $55-$60, IPO prices at $37
Liberty Energy Inc. (NYSE:LBRT) has reported that its Chief Financial Officer, Michael Stock, sold 5,000 shares of Class A Common Stock on March 3, 2025. The shares were sold at a weighted average price of $17.1449, amounting to a total transaction value of approximately $85,724. This sale was conducted under a Rule 10b5-1 trading plan that Stock adopted in September 2024, allowing for sales to begin in January 2025. The transaction comes as Liberty Energy’s stock, currently trading at $15.54, has experienced an 8.42% decline over the past week. According to InvestingPro analysis, the company, with a market capitalization of $2.53 billion, is currently trading below its Fair Value.
The shares were sold in multiple transactions, with prices ranging from $16.87 to $17.39. Following this transaction, Stock holds 712,292 shares directly. InvestingPro subscribers can access 8 additional key insights about Liberty Energy, along with comprehensive financial health metrics that currently show a "GREAT" overall score of 3.01.
In other recent news, Liberty Energy Inc. reported its fourth-quarter 2024 earnings, which fell short of analyst expectations. The company posted an earnings per share (EPS) of $0.10, missing the forecasted $0.16, while revenue reached $944 million, below the anticipated $997.31 million. In leadership developments, Ron Gusek has been appointed as the new Chief Executive Officer, and William Kimble has been elected as the non-executive Chairman of the Board, following the confirmation of the company’s founder, Chris Wright, as the U.S. Secretary of Energy. Additionally, Liberty Energy announced the resignation of board member Audrey Robertson, who is set to take on a government role as Assistant Secretary of Energy, Efficiency, and Renewables, pending Senate confirmation.
The company is also focusing on expanding its power generation business, with plans to significantly increase its capacity by the end of 2025 and 2026. Liberty Energy’s leadership changes and strategic focus on power generation reflect its commitment to growth and technological advancement in the energy sector. Furthermore, the company has set its 2025 adjusted EBITDA guidance between $700 million and $750 million, with planned capital expenditures of approximately $650 million. These developments underscore Liberty Energy’s strategic initiatives to bolster its competitive edge and drive innovation in completion services and power generation.
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