On Oct 22, major Wall Street analysts update their ratings for $Liberty Energy (LBRT.US)$, with price targets ranging from $18 to $21.
Morgan Stanley analyst Daniel Kutz maintains with a hold rating, and adjusts the target price from $22 to $20.
BofA Securities analyst Saurabh Pant maintains with a hold rating, and adjusts the target price from $21.5 to $18.
Citi analyst Scott Gruber maintains with a hold rating, and maintains the target price at $19.
Barclays analyst Eddie Kim maintains with a buy rating, and maintains the target price at $21.
Seaport Global analyst Tom Curran maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Liberty Energy (LBRT.US)$'s main analysts recently are as follows:
Pricing pressure in the frac sector has extended to top-tier pumpers and equipment, illustrated by Liberty Energy's recognition of 'slowing activity pressuring pricing inconsistent with expected future demand.' It is anticipated that the realized pricing for Liberty may continue to deteriorate before witnessing an improvement.
The company's Q3 EBITDA fell short by 5% and provided guidance for Q4 that was 25% below the consensus. It was recognized as a challenging quarter for Liberty, during which the management may have experienced a decline in investor credibility.
The intensification of the downcycle is evident as Liberty Energy is idling two fleets and experiencing margin compression due to pricing concessions. Seasonal improvements are anticipated in the first half of 2025, yet there is an expectation that exploration and production companies will persist in seeking pricing concessions amidst uncertainties in oil prices. A more rapid decline in EBITDA relative to capital expenditures has led to a reduction in the estimated 2025 free cash flow for Liberty, resulting in a modest yield percentage based on the current share price. Furthermore, the company may face constraints in its buyback capacity in the near term due to seasonal working capital challenges, without resorting to the balance sheet for support.
Liberty Energy's recent financial figures have shown an EBITDA below anticipated levels, suggesting a subdued outlook for frac activity and pricing extending into the end of 2024. Despite a less optimistic view on the stock due to the forecast for the second half and a diminished free cash flow outlook, the anticipation of an update from Liberty Power Innovations in early 2025 is seen as a potential significant event for the company's stock.
Liberty Energy's fourth-quarter guidance was characterized as 'lackluster', with the company facing price headwinds. Despite this, there is an anticipation of improved results in the first half of 2025 following a seasonal lull.
Here are the latest investment ratings and price targets for $Liberty Energy (LBRT.US)$ from 5 analysts:
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美東時間10月22日，多家華爾街大行更新了$Liberty Energy (LBRT.US)$的評級，目標價介於18美元至21美元。
摩根士丹利分析師Daniel Kutz維持持有評級，並將目標價從22美元下調至20美元。
美銀證券分析師Saurabh Pant維持持有評級，並將目標價從21.5美元下調至18美元。
花旗分析師Scott Gruber維持持有評級，維持目標價19美元。
巴克萊銀行分析師Eddie Kim維持買入評級，維持目標價21美元。
Seaport Global分析師Tom Curran維持持有評級。
此外，綜合報道，$Liberty Energy (LBRT.US)$近期主要分析師觀點如下：
壓力板塊的定價壓力已經延伸到頂級的壓裂泵和設備，這一點可以通過liberty energy對「放緩活動對價格造成的壓力不一致與預期未來需求」進行的認可來說明。預計自由的實現定價可能會在見到改善之前繼續惡化。
公司第三季度EBITDA未能達到預期，Q4的指引低於共識25%。對於liberty來說，這被認爲是一個具有挑戰性的季度，管理層可能經歷了投資者信譽下降。
向下週期的加劇顯而易見，由於定價讓步，Liberty Energy正在空置兩個車隊並經歷利潤率壓縮。預計2025年上半年將有季節性改善，但在石油價格不確定性下，勘探和生產公司可能會繼續尋求定價讓步。相對於資本支出，EBITDA的快速下降導致Liberty 2025年自由現金流預期下降，基於當前股價產生的收益率較低。此外，由於季節性營運資本挑戰，公司可能在短期內面臨回購能力的約束，而不得不依賴資產負債表獲得支持。
根據最近的財務數據，liberty energy的EBITDA低於預期水平，表明壓裂活動和定價預期會延伸到2024年底。儘管對股票的下半年預測和減少的自由現金流預期持較爲保守的看法，但預計在2025年初從Liberty Power Innovations那裏得到更新將成爲公司股票的一個潛在重要事件。
liberty energy的第四季度指引被描述爲『平淡無奇』，公司面臨價格逆風。儘管如此，在季節性低迷之後，預期2025年上半年將會有改善的結果。
以下爲今日5位分析師對$Liberty Energy (LBRT.US)$的最新投資評級及目標價：
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