LBRT - Insider Decision: R. Sean Elliott Offloads $462K Worth Of Liberty Energy Stock | Benzinga
R. Sean Elliott, Chief Legal Officer at Liberty Energy (NYSE:LBRT), executed a substantial insider sell on April 30, according to an SEC filing.
What Happened: After conducting a thorough analysis, Elliott sold 20,000 shares of Liberty Energy. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total transaction value is $462,024.
In the Wednesday's morning session, Liberty Energy's shares are currently trading at $22.21, experiencing a up of 0.95%.
Get to Know Liberty Energy Better
Liberty Energy is an oilfield services company that provides hydraulic fracturing services—mainly pressure pumping—in major basins throughout North America. Its 2020 acquisition of Schlumberger's OneStim business segment made Liberty one of the largest pressure pumpers in North America. It also added wireline operations, two Permian frac sand mines, and an expanded technological portfolio.
A Deep Dive into Liberty Energy's Financials
Negative Revenue Trend: Examining Liberty Energy's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -14.97% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth ...