Stifel analyst Stephen Gengaro maintains $Liberty Energy (LBRT.US)$ with a buy rating, and adjusts the target price from $25 to $23.
According to TipRanks data, the analyst has a success rate of 45.4% and a total average return of 7.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Liberty Energy (LBRT.US)$'s main analysts recently are as follows:
The investment outlook for domestic frac companies appears to be at a critical junction. While current EBITDA expectations for certain companies seem overly optimistic, the emergence of new distributed power segments presents a potential pathway to enhance EBITDA—a strategy that might yield significantly higher multiples. Despite the attractiveness of such opportunities, a temporary halt in stock momentum might ensue as investors evaluate earnings reports and further details about the burgeoning power sector.
Looking ahead to 2025, expectations are set for a consistent environment within the Oil Services sector, along with a paucity of significant macroeconomic catalysts that could influence stock valuations. Liberty Energy remains a prominent pick in the Energy Services and Equipment sector.
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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