Liberty Energy Inc. (NYSE:LBRT) is one of the 10 stocks with double- and triple-digit returns.
Liberty Energy surged its share price 24.49 percent weekly to hit a new all-time high, as investors devoured its shares after a strong earnings performance and an optimistic outlook amid continued supply disruptions.
On Friday alone, the stock soared to its highest price of $33.15 before paring gains to end the session up 1.30 percent at $32.74 each.
Photo from Liberty Energy Facebook page
In an earnings conference call earlier in the week, Liberty Energy Inc. (NYSE:LBRT) said it was able to increase its net income for the first three months by 12 percent to $22.5 million from $20.1 million in the same period last year. Revenue surpassed the $1 billion level and ended at $1.02 billion or 4 percent higher than $977 million year-on-year.
CEO Ron Gusek pointed to “unprecedented oil and gas supply disruptions” as one of the factors driving its growth, and persistent supply challenges are expected to continue benefiting Liberty Energy Inc. (NYSE:LBRT) and its peers in North America.
“Over time, these dynamics may support structural tailwinds for North America as global consumers reevaluate energy supply chains and diversify sourcing, with greater reliance on U.S. and Canadian-sourced oil and refined product supplies,” the energy company said.
“As markets weigh growing concerns about physical oil and gas supply shortages against the potential implications of a ceasefire, North American (exploration and production) companies are evaluating a number of macroeconomic scenarios. The recent rise in oil prices is well above expectations from earlier in the year, now driving a substantially better E&P economy with greater potential for greater free cash flow generation,” he added.
In other news, Liberty Energy Inc. (NYSE:LBRT) will pay $0.09 in cash dividends for each Class A common share held by its shareholders on record as of June 4, 2026. The payment will be made on June 18.
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