LBRT - President Of Liberty Energy Sold $2.11M In Stock | Benzinga
It was reported on April 30, that Ron Gusek, President at Liberty Energy (NYSE:LBRT) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday outlined that Gusek executed a sale of 92,397 shares of Liberty Energy with a total value of $2,112,009.
As of Wednesday morning, Liberty Energy shares are up by 0.95%, currently priced at $22.21.
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.
Understanding the Numbers: Liberty Energy's Finances
Revenue Growth: Liberty Energy's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -14.97%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate ...