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：
壓力位板塊中的定價壓力已經擴展到一流的抽採泵和設備，這一點可以從Liberty Energy承認的「活動減緩對定價造成了壓力，與預期的未來需求不一致」得到說明。預計Liberty的實現定價可能會繼續惡化，然後才有可能見到改善。
該公司第三季度的息稅折舊及攤銷前利潤（EBITDA）較預期水平低了5%，併爲第四季度提供的指引比共識水平低了25%。對於Liberty來說，這被視爲具有挑戰性的一個季度，在此期間管理層可能會經歷投資者信譽下降。
隨着Liberty Energy停用兩個船隊，並由於定價讓步而遭遇毛利擠壓，衰退週期的加劇是明顯的。預計2025年上半年會有季節性改善，但人們預計，在油價不確定性的背景下，勘探和生產公司將繼續尋求定價讓步。由於息稅折舊及攤銷前利潤（EBITDA）相對資本支出更快地下降，導致預計2025年Liberty的自由現金流減少，根據當前股價獲得適度的收益率。此外，公司可能會面臨近期買回能力受限的挑戰，因爲季節性營運資本挑戰，並且在未有藉助資產負債表支持的情況下。
進入2024年底，Liberty Energy最近的財務數據顯示，息稅折舊及攤銷前利潤（EBITDA）低於預期水平，表明壓裂活動和定價展望一直持續到2024年底。儘管對股票的第二半年預測較爲謹慎，且自由現金流前景疲弱，但預計2025年初Liberty Power Innovations將有更新發布，被視爲公司股票的一個潛在重大事件。
Liberty Energy對第四季度的指引被描述爲「令人失望」，公司面臨着價格逆風。儘管如此，人們預期，在季節性低谷後，2025年上半年會有更好的業績表現。
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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