Liberty Oilfield Services (LBRT) PT Raised to $26 at Wells Fargo

Liberty Oilfield Services (LBRT) PT Raised to $27 at RBC Capital

RBC Capital analyst Keith Mackey raised the price target on Liberty Oilfield Services (NYSE: LBRT) to $27.00 (from $25.00) while maintaining a Outperform rating.

The analyst comments "Liberty reported in-line EBITDA through a choppy 1Q24 macro. We have a favourable view of LBRT shares given the... More

Liberty Oilfield Services (LBRT) PT Raised to $27 at Barclays

Barclays analyst J. David Anderson raised the price target on Liberty Oilfield Services (NYSE: LBRT) to $27.00 (from $25.00) while maintaining a Overweight rating.... More

Oil prices steady after 3% tumble; US reimposes Venezuela sanctions

Investing.com-- Oil prices tread water in Asian trade on Thursday after clocking sharp losses in the prior session on fears of higher-for-long U.S. interest rates, while a bigger-than-expected build in U.S. inventories also weighed. 

Oil markets were digesting the U.S. governments decision to reimpose oil sanctions on Venezuela after President Nicolas Maduro seemingly reneged on his promise to hold national elections.

Markets still remained on edge over worsening geopolitical tensions in the Middle East, although a lack of immediate retaliation by Israel over an attack by Iran... More

Liberty Oilfield Services (LBRT) Misses Q1 EPS by 6c, provides outlook

Liberty Oilfield Services (NYSE: LBRT) reported Q1 EPS of $0.48, $0.06 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.08 billion.

Outlook:

Frac industry dynamics remain constructive, as relatively steady demand in recent months has focused service companies on disciplined pricing and quality of service. Superior performance and reliability drive higher returns for both E&P operators and service companies alike. Libertys continual focus on technical innovation in equipment technology and... More