Evercore analyst James West maintains $Liberty Energy (LBRT.US)$ with a buy rating, and adjusts the target price from $27 to $24.
According to TipRanks data, the analyst has a success rate of 38.4% and a total average return of -5.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Liberty Energy (LBRT.US)$'s main analysts recently are as follows:
Liberty Energy encountered a challenging quarter, missing Q3 EBITDA expectations by 5% and forecasting Q4 figures approximately 25% under the consensus. This period has led to a diminishment of management's credibility among investors.
The downturn in the industry seems to be gaining momentum, with Liberty Energy having to idle two fleets and facing margin pressures due to pricing concessions. The expectation is for a seasonal uptick in the first half of 2025, yet exploration and production companies may persist in seeking pricing concessions amidst the volatility of oil prices. There's a projection that Liberty's EBITDA will decline more rapidly than capital expenditures, leading to a revised free cash flow estimate for 2025 that suggests a modest yield based on the present stock price. Additionally, with the expected working capital challenges in Q1, the company's ability to repurchase shares might be constrained in the short term without resorting to leveraging the balance sheet.
Liberty Energy's reported EBITDA fell short of expectations, suggesting a softer outlook for frac activity and pricing towards the end of 2024. Despite a less optimistic view on the company's prospects for the second half and a diminished free cash flow profile, the prospect of an update from Liberty Power Innovations in early 2025 is anticipated to act as a significant catalyst for the stock.
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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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Evercore分析師James West維持$Liberty Energy (LBRT.US)$買入評級，並將目標價從27美元下調至24美元。
根據TipRanks數據顯示，該分析師近一年總勝率為38.4%，總平均回報率為-5.9%。
此外，綜合報道，$Liberty Energy (LBRT.US)$近期主要分析師觀點如下：
Liberty Energy遇到了具有挑戰性的一個季度，Q3 EBITDA預期不佳，比預期低5%，並且預測Q4數字將約低於共識的25%。這一時期導致管理層在投資者中的信譽受損。
行業板塊的下行趨勢似乎正在加速，Liberty Energy不得不使兩個艦隊停用，並且面臨由於價格讓步而產生的利潤壓力。預期2025年上半年將有季節性回升，但勘探和生產公司可能會在油價波動中繼續尋求價格讓步。預計Liberty的EBITDA將比資本支出更快地下降，導致對2025年自由現金流的修正估計表明，基於目前股價，將獲得適度的收益。此外，由於預計Q1將面臨營運資金挑戰，公司在短期內可能無法回購股票，而不得不運用槓桿對資產負債表進行調整。
Liberty Energy的EBITDA報告不及預期，暗示2024年年底對壓裂活動和價格的前景持謹慎態度。儘管對公司下半年前景持較爲悲觀態度並且自由現金流狀況減弱，但預計2025年初由Liberty Power Innovations發佈的更新被視爲該股票的一個重要催化劑。
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
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