Liberty Energy Inc. Announces Third Quarter 2024 Financial and Operational Results

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Liberty Oilfield Services (LBRT) PT Lowered to $23 at RBC Capital

October 18, 2024 7:07 AM EDT

RBC Capital analyst Keith Mackey lowered the price target on Liberty Oilfield Services (NYSE: LBRT) to $23.00 (from $26.00) while maintaining a Outperform rating.

The analyst comments "Liberty reported lower than expected EBITDA and painted a weaker picture of frac activity and pricing into... More

Citi Downgrades Liberty Oilfield Services (LBRT) to Neutral

October 18, 2024 6:54 AM EDT

Citi analyst Scott Gruber downgraded Liberty Oilfield Services (NYSE: LBRT) from Buy to Neutral with a price target of $19.00 (from $25.00).

The analyst comments "For ~18 months, LBRT outperformed peers but the downcycle appears to be intensifying as the company is idling 2 fleets while pricing... More

Liberty Oilfield Services (LBRT) PT Lowered to $24 at Evercore ISI

October 17, 2024 3:06 PM EDT

Evercore ISI analyst James West lowered the price target on Liberty Oilfield Services (NYSE: LBRT) to $24.00 (from $27.00) while maintaining a Outperform rating.

The analyst comments "Strategic Position in a Weak(ish) Environment. The softer-thanexpected activity outlook for the end of the year reflects the challenging demand environment that Liberty and several other companies in the industry are experiencing in 2H24. The company stated it estimates low double-digit percentage reduction in 4Q activity and... More

Seaport Global Securities Reiterates Neutral Rating on Liberty Oilfield Services (LBRT)

October 17, 2024 6:48 AM EDT

Seaport Global Securities analyst Tom Curran reiterated a Neutral rating on Liberty Oilfield Services (NYSE: LBRT).

The analyst comments "LBRT reported a 5% adj. EBITDA shortfall for 3Q24 versus consensus and shared a net bearish update on current dynamics and the 2025 outlook for the... More