Liberty Energy downgraded by Citigroup with a new price target
$LBRT
Oilfield Services/Equipment
Energy
Citigroup downgraded Liberty Energy from Buy to Neutral and set a new price target of $19.00 from $25.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/18/2024 | $25.00 → $19.00 | Buy → Neutral | Citigroup |
| 7/19/2024 | $21.00 → $20.00 | Hold | TD Cowen |
| 5/29/2024 | $24.00 → $32.00 | Neutral → Buy | Citigroup |
| 4/19/2024 | $19.00 → $21.00 | Hold | TD Cowen |
| 4/18/2023 | $20.00 → $17.00 | Overweight → Equal-Weight | Morgan Stanley |
| 1/17/2023 | $19.00 | Buy → Neutral | Citigroup |
| 10/26/2022 | $24.00 | Equal Weight → Overweight | Wells Fargo |
| 7/27/2022 | $21.00 → $25.00 | Sector Perform → Outperform | RBC Capital Mkts |
Citigroup downgraded Liberty Energy from Buy to Neutral and set a new price target of $19.00 from $25.00 previously
TD Cowen reiterated coverage of Liberty Energy with a rating of Hold and set a new price target of $20.00 from $21.00 previously
Citigroup upgraded Liberty Energy from Neutral to Buy and set a new price target of $32.00 from $24.00 previously
Barclays analyst Derek Podhaizer maintains Liberty Energy (NYSE:LBRT) with a Overweight and lowers the price target from $27 to $26.
TD Cowen analyst Marc Bianchi maintains Liberty Energy (NYSE:LBRT) with a Hold and lowers the price target from $21 to $20.
Liberty Energy Inc. (NYSE:LBRT, "Liberty" or the "Company")) today commented on the announcement by President-elect Donald J. Trump regarding his nomination of Chris Wright, Liberty's Founder, Chairman of the Board, Director and Chief Executive Officer, for the position of U.S. Secretary of Energy. The appointment of Mr. Wright as Secretary of Energy is subject to confirmation by the U.S. Senate, and Mr. Wright will continue in his current positions with the Company until confirmation occurs. Effective upon and subject to this confirmation and in accordance with the Company's succession plan, the Board of Directors intends to appoint William Kimble as non-executive Chairman of the Board a
Liberty Energy Inc. (NYSE:LBRT) ("Liberty" or the "Company") announced today third quarter 2024 financial and operational results. Summary Results and Highlights Revenue of $1.1 billion, a 2% sequential decrease Net income of $74 million, or $0.44 fully diluted earnings per share ("EPS") Adjusted EBITDA1 of $248 million Delivered 22% TTM Adjusted Pre-Tax Return on Capital Employed ("ROCE")2 Distributed $51 million to shareholders through share repurchases and cash dividends Repurchased and retired 1.2% of shares outstanding during the third quarter, and a cumulative 14.3% of shares outstanding since reinstatement of the repurchase program in July 2022 Increased quarterly cash
Liberty Energy Inc. (NYSE:LBRT, "Liberty" or the "Company"))) announced today that its Board of Directors (the "Board") has declared a dividend of $0.08 per share of Class A common stock, to be paid on December 20, 2024, to holders of record as of December 6, 2024. This dividend represents a 14% increase from the prior regular quarterly dividend of $0.07 per share. "Liberty's disciplined investment in innovative businesses and leading edge technologies expands our competitive advantage and increases our market opportunities in the coming years. We are increasing our quarterly cash dividend by 14%, consistent with our long-term objective of generating strong total shareholder value includin
SC 13G/A - Liberty Energy Inc. (0001694028) (Subject)
SC 13G/A - Liberty Energy Inc. (0001694028) (Subject)
SC 13G - Liberty Energy Inc. (0001694028) (Subject)
Liberty Energy Inc. (NYSE:LBRT) ("Liberty" or the "Company") announced today third quarter 2024 financial and operational results. Summary Results and Highlights Revenue of $1.1 billion, a 2% sequential decrease Net income of $74 million, or $0.44 fully diluted earnings per share ("EPS") Adjusted EBITDA1 of $248 million Delivered 22% TTM Adjusted Pre-Tax Return on Capital Employed ("ROCE")2 Distributed $51 million to shareholders through share repurchases and cash dividends Repurchased and retired 1.2% of shares outstanding during the third quarter, and a cumulative 14.3% of shares outstanding since reinstatement of the repurchase program in July 2022 Increased quarterly cash
Liberty Energy Inc. (NYSE:LBRT, "Liberty" or the "Company"))) announced today that its Board of Directors (the "Board") has declared a dividend of $0.08 per share of Class A common stock, to be paid on December 20, 2024, to holders of record as of December 6, 2024. This dividend represents a 14% increase from the prior regular quarterly dividend of $0.07 per share. "Liberty's disciplined investment in innovative businesses and leading edge technologies expands our competitive advantage and increases our market opportunities in the coming years. We are increasing our quarterly cash dividend by 14%, consistent with our long-term objective of generating strong total shareholder value includin
Liberty Energy Inc. (NYSE:LBRT) announced today that it will release its financial results for the third quarter ending September 30, 2024, after the market closes on Wednesday, October 16, 2024. Following the release, the Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, October 17, 2024. Presenting the Company's results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Energy cal
4 - Liberty Energy Inc. (0001694028) (Issuer)
4 - Liberty Energy Inc. (0001694028) (Issuer)
4 - Liberty Energy Inc. (0001694028) (Issuer)
8-K - Liberty Energy Inc. (0001694028) (Filer)
10-Q - Liberty Energy Inc. (0001694028) (Filer)
8-K - Liberty Energy Inc. (0001694028) (Filer)
Liberty Oilfield Services Inc. (NYSE:LBRT, "Liberty" or the "Company"))) announced today the appointment of Audrey Robertson to its Board of Directors. Ms. Robertson joined the Board contemporaneously with the resignation of Brett Staffieri, who previously served on the Board as a nominee of entities affiliated with Riverstone Holdings. Mr. Staffieri resigned after Riverstone completed the divestiture of its equity investment in the Company earlier this month. "We are excited and pleased to welcome Audrey to the Board and the Liberty family," said Chris Wright, Liberty's Chairman and CEO. "Audrey has extensive expertise in finance and accounting matters. When coupled with her executive lea