On Oct 19, major Wall Street analysts update their ratings for $Liberty Energy (LBRT.US)$, with price targets ranging from $19 to $25.
Morgan Stanley analyst Daniel Kutz maintains with a hold rating, and maintains the target price at $22.
Citi analyst Scott Gruber downgrades to a hold rating, and adjusts the target price from $25 to $19.
Barclays analyst Eddie Kim maintains with a buy rating, and adjusts the target price from $24 to $21.
Wells Fargo analyst Roger Read maintains with a buy rating, and maintains the target price at $24.
Evercore analyst James West maintains with a buy rating, and adjusts the target price from $27 to $24.
Furthermore, according to the comprehensive report, the opinions of $Liberty Energy (LBRT.US)$'s main analysts recently are as follows:
Liberty Energy experienced a quarter that was fraught with challenges, missing Q3 EBITDA expectations by 5% and projecting Q4 figures significantly below the consensus, which has resulted in some loss of credibility with investors.
The situation is becoming more challenging for Liberty Energy, as the company is reducing operations by idling two fleets and encountering margin pressures due to pricing concessions. While there is an expectation of a seasonal uptick in the first half of 2025, it is anticipated that exploration and production companies will persist in negotiating for lower prices amidst the uncertainty of oil prices. It is projected that Liberty's EBITDA will decline more rapidly than its capital expenditures, leading to a reduced free cash flow estimate for 2025, which suggests a modest yield based on the current stock price. Additionally, there are concerns about the company's ability to repurchase shares in the short term without potentially impacting its financial position, especially with the anticipated working capital challenges in the first quarter.
Liberty Energy's recent performance which indicated an EBITDA below anticipations, alongside a subdued forecast for frac activity and pricing extending into the end of 2024, has been noted. Despite a less optimistic view due to the second half outlook and a diminished free cash flow profile, the impending update on Liberty Power Innovations anticipated in early 2025 is regarded as a significant potential catalyst for the company's stock.
Following 'lackluster' Q4 guidance and commentary around price headwinds, there is an anticipation of improving results in the first half of 2025 after a seasonal lull in Q4.
Here are the latest investment ratings and price targets for $Liberty Energy (LBRT.US)$ from 6 analysts:
Note:
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