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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美东时间10月22日，多家华尔街大行更新了$Liberty Energy (LBRT.US)$的评级，目标价介于18美元至21美元。
摩根士丹利分析师Daniel Kutz维持持有评级，并将目标价从22美元下调至20美元。
美银证券分析师Saurabh Pant维持持有评级，并将目标价从21.5美元下调至18美元。
花旗分析师Scott Gruber维持持有评级，维持目标价19美元。
巴克莱银行分析师Eddie Kim维持买入评级，维持目标价21美元。
Seaport Global分析师Tom Curran维持持有评级。
此外，综合报道，$Liberty Energy (LBRT.US)$近期主要分析师观点如下：
压力位在压裂板块已延伸至一线泵浦和设备，正如Liberty Energy所指出的“减缓活动对价格造成的压力不符合未来需求预期”。预计Liberty的实现定价可能会在见到改善之前继续恶化。
公司的Q3 EBITDA下降了5%，并提供了Q4低于共识25%的指引。这被认为是Liberty具有挑战性的一个季度，管理层可能在其中经历了投资者信誉度下降。
Liberty Energy的盈利周期加剧的证据在于，公司停用了两个舰队，并由于定价让步而遭受毛利压缩。预计2025年上半年会有季节性改善，然而预计在油价不确定性中，勘探和生产公司将继续寻求定价让步。相对于资本支出，EBITDA更快的下降导致Liberty估计2025年自由现金流减少，根据当前股价形成了适度的收益百分比。此外，由于季节性营运资本挑战，公司在短期内可能会面临回购能力的限制，而无需借助资产负债表支持。
最近的财务数据显示Liberty Energy的EBITDA低于预期水平，暗示压裂活动和定价前景一直延伸至2024年底。尽管对该股的下半年预测和萎缩的自由现金流前景持乐观态度，但预计Liberty Power Innovations在2025年初公布更新可能是该公司股票的一个重要事件。
Liberty Energy的第四季度指引被描述为'缺乏活力'，公司面临价格逆风。尽管如此，有预期称公司在2025年上半年将有改善的业绩，在季节性低迷后。
以下为今日5位分析师对$Liberty Energy (LBRT.US)$的最新投资评级及目标价：
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