Liberty Energy (LBRT) Reiterated at Buy by Stifel - Remains Among Favourites

Stifel analyst Stephen Gengaro reiterated a Buy rating and $36.00 price target on Liberty Energy Inc (NYSE: LBRT).

The analyst commented, "We expect oil service earnings season to validate a few key developing trends, including increasing U.S. land activity, rising prices particularly for low emission frac fleets, and expectations for increasing international and offshore activity in 2027. While the Iran War continues to create uncertainty, it appears improving flows through the Strait of Hormuz is helping Middle East activity recover. On the power generation front, while hard to pinpoint the timing of new contracts (LBRT could be close), demand appears robust and supports our bullish multi-year view. At current levels, BKR, SEI, and LBRT are favorites."

For an analyst ratings summary and ratings history on Liberty Energy Inc click here. For more ratings news on Liberty Energy Inc click here.

Shares of Liberty Energy Inc closed at $16.70 yesterday.

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