Citi analyst Scott Gruber maintains $Liberty Energy (LBRT.US)$ with a hold rating, and adjusts the target price from $19 to $22.
According to TipRanks data, the analyst has a success rate of 55.0% and a total average return of 12.1% 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 outlook for domestic frac companies appears to be at a crucial juncture. On one side, current EBITDA projections for companies in this sector may be somewhat optimistic, but on the flip side, there's potential for growth through new distributed power segments, which could enhance EBITDA significantly and be accretive to multiples. The prospect of tapping into power provision, even for oil production, is seen to potentially command double the multiples compared to traditional frac operations. However, after recent market advances, a temporary hold might be anticipated as market participants assess earnings and await more information on the new opportunities in the power segment.
Heading into 2025, expectations for the Oil Services sector include a continued status quo with limited macroeconomic catalysts influencing the stocks. The company is highlighted as a top preference in the Energy Services and Equipment sector.
Note:
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