Barclays analyst David Anderson maintains $Liberty Energy (LBRT.US)$ with a buy rating, and adjusts the target price from $22 to $24.
According to TipRanks data, the analyst has a success rate of 44.1% and a total average return of -0.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Liberty Energy (LBRT.US)$'s main analysts recently are as follows:
Concerns about macroeconomic factors, tempered expectations, and a lack of catalysts are considered to be adequately represented in the current 'discounted valuations' of the energy services sector. Looking ahead, it is suggested that outperformance will likely be influenced by companies with distinctive business models and themes that provide clear earnings visibility in a market characterized by modest growth.
The global oil demand growth appears to be softening, with an abundant supply potentially leading to difficulties in 2025 for oil prices and Oilfield Services stock selection. The prevailing global oil supply/demand scenario necessitates a prompt leveling of U.S. Land oil production, as reflected by an average reduction of 6% in the group's price targets.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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