LBRT - Insider Unloading: R. Sean Elliott Sells $410K Worth Of Liberty Energy Shares | Benzinga
Revealing a significant insider sell on January 31, R. Sean Elliott, Chief Legal Officer at Liberty Energy (NYSE:LBRT), as per the latest SEC filing.
What Happened: Elliott's recent move involves selling 20,000 shares of Liberty Energy. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value is $410,008.
Tracking the Thursday's morning session, Liberty Energy shares are trading at $20.79, showing a down of 0.0%.
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
Decline in Revenue: Over the 3 months period, Liberty Energy faced challenges, resulting in a decline of approximately -11.59% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth ...