Liberty Oilfield Services Inc. provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. The company also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services; and operates two sand mines in the Permian Basin. As of December 31, 2020, it had a total of approximately 30 active frac fleets and 20 active wireline units. The company offers its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin. Liberty Oilfield Services Inc. was founded in 2011 and is headquartered in Denver, Colorado.
IPO Year: 2018
Exchange: NYSE
Website: libertyfrac.com
| 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 |
| 3/31/2022 | $14.00 → $15.00 | Overweight → Equal Weight | Wells Fargo |
| 3/11/2022 | Neutral → Buy | BofA Securities |
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
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 (NYSE:LBRT) reported quarterly earnings of $0.61 per share which met the analyst consensus estimate. This is a 29.89 percent decrease over earnings of $0.87 per share from the same period last year. The company reported quarterly sales of $1.159 billion which missed the analyst consensus estimate of $1.164 billion by 0.39 percent. This is a 3.01 percent decrease over sales of $1.195 billion the same period last year.
B of A Securities analyst Chase Mulvehill maintains Liberty Energy (NYSE:LBRT) with a Neutral and lowers the price target from $24 to $22.
Liberty Energy (NYSE:LBRT) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 4 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 3 2 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $26.0, a high estimate of $32.00, and a low estimate of $21.00. Marking an increase of 7.71%, the current average surpasses
Piper Sandler analyst Luke Lemoine maintains Liberty Energy (NYSE:LBRT) with a Overweight and lowers the price target from $28 to $25.
Analysts' ratings for Liberty Energy (NYSE:LBRT) over the last quarter vary from bullish to bearish, as provided by 7 analysts. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 3 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 3 3 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Liberty Energy, presenting an average target of $25.71, a high estimate of $32.00, and a low estimate of $21.00. Surpassing the previous average price targe
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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
Highlights Tamboran Resources Corporation has commenced its Shenandoah South (SS) Pilot Project drilling program with the spudding of the Shenandoah South 2 (SS-2H) well in EP 98. The SS-2H well is being drilled off a new pad located approximately 3 miles north of the Shenandoah South 1H (SS-1H) well and within the Tamboran-operated SS Pilot Project area (47.5% working interest). Following the drilling of the SS-2H well, Tamboran will immediately drill the Shenandoah South 3H (SS-3H) well off the same pad ahead of the stimulation program. The SS-2H and SS-3H wells will be drilled with the Helmerich & Payne (NYSE:HP) super-spec FlexRig® Flex 3 rig and will target the Middle Velkerri
Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com DENVER, July 29, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for EnerCom Denver – The Energy Investment Conference can now request One-on-One meetings with senior management teams of participating companies (listed below). The energy investment community and industry professionals are encouraged to register now for EnerCom Denver, which will take place August 18–21, 2024, at the Westin Denver Downtown. There is no cost to register for the conference
Liberty Energy Inc. (NYSE:LBRT, "Liberty" or the "Company"))) announced today second quarter 2024 financial and operational results. Summary Results and Highlights Revenue of $1.2 billion, an 8% sequential increase Net income of $108 million, or $0.64 fully diluted earnings per share ("EPS") Adjusted EBITDA1 of $273 million, a 12% sequential increase Delivered 28% TTM Adjusted Pre-Tax Return on Capital Employed ("ROCE")2 Distributed $41 million to shareholders through share repurchases and cash dividends Repurchased and retired 0.8% of shares outstanding during the second quarter, and a cumulative 13.2% of shares outstanding since reinstatement of the repurchase program
Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com Emerging Energy Technology and Energy Transition Companies are Invited to Present at EnerCom Denver DENVER, July 17, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to publish presentation times and schedules for participating companies on the conference website for the 29th Annual EnerCom Denver – The Energy Investment Conference, to be held August 18-21, 2024, at the Westin Denver Downtown. The four-day conference provides investors unparalleled access and networking opportunities, including one-on-one meetings with company management teams. Meetings are limited to qualified investors, incl
Liberty Energy Inc. (NYSE:LBRT, "Liberty" or the "Company"))) announced today that its Board of Directors (the "Board") has declared a dividend of $0.07 per share of Class A common stock, to be paid on September 20, 2024, to holders of record as of September 6, 2024. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board's continuing determination that the declarations of dividends are in the best interests of Liberty and its stockholders. Future dividends may be adjusted at the Board's discretion based on market conditions and capital availability. About Liberty Liberty is a leading North American energy services firm that o
Liberty Energy Inc. (NYSE:LBRT) announced today that it will release its financial results for the second quarter ending June 30, 2024, after the market closes on Wednesday, July 17, 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, July 18, 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 call. A live
EnerCom is accepting applications from start-up companies focused on innovation in alternative energy, advanced oil and gas technology, environmental sustainability and carbon solutions to participate in The Energy Transition and Emerging Technology Session Registration for institutional investors, portfolio managers, financial analysts, CIOs, and others in the investment community is free DENVER, June 24, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that the upcoming EnerCom Denver - The Energy Investment Conference will once again include The Energy Transition and Emerging Technology Session featuring quick-pitch investment pitches from promising start-up energy and technology
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
Liberty Energy Inc. (NYSE:LBRT, "Liberty" or the "Company"))) announced today second quarter 2024 financial and operational results. Summary Results and Highlights Revenue of $1.2 billion, an 8% sequential increase Net income of $108 million, or $0.64 fully diluted earnings per share ("EPS") Adjusted EBITDA1 of $273 million, a 12% sequential increase Delivered 28% TTM Adjusted Pre-Tax Return on Capital Employed ("ROCE")2 Distributed $41 million to shareholders through share repurchases and cash dividends Repurchased and retired 0.8% of shares outstanding during the second quarter, and a cumulative 13.2% of shares outstanding since reinstatement of the repurchase program
Liberty Energy Inc. (NYSE:LBRT, "Liberty" or the "Company"))) announced today that its Board of Directors (the "Board") has declared a dividend of $0.07 per share of Class A common stock, to be paid on September 20, 2024, to holders of record as of September 6, 2024. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board's continuing determination that the declarations of dividends are in the best interests of Liberty and its stockholders. Future dividends may be adjusted at the Board's discretion based on market conditions and capital availability. About Liberty Liberty is a leading North American energy services firm that o
Liberty Energy Inc. (NYSE:LBRT) announced today that it will release its financial results for the second quarter ending June 30, 2024, after the market closes on Wednesday, July 17, 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, July 18, 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 call. A live
Liberty Energy Inc. (NYSE:LBRT) ("Liberty" or the "Company") announced today first quarter 2024 financial and operational results. Summary Results and Highlights Revenue of $1.1 billion, flat sequentially Net income1 of $82 million, or $0.48 fully diluted earnings per share ("EPS") Adjusted EBITDA2 of $245 million, a 3% decrease sequentially Delivered 32% TTM Adjusted Pre-Tax Return on Capital Employed ("ROCE")3 Distributed $42 million to shareholders through share repurchases and cash dividends Repurchased and retired 0.9% of shares outstanding during the first quarter, and a cumulative 12.5% of shares outstanding since reinstatement of the repurchase program in July 20
Liberty Energy Inc. (NYSE:LBRT, "Liberty" or the "Company"))) announced today that its Board of Directors (the "Board") has declared a dividend of $0.07 per share of Class A common stock, to be paid on June 20, 2024, to holders of record as of June 6, 2024. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board's continuing determination that the declarations of dividends are in the best interests of Liberty and its stockholders. Future dividends may be adjusted at the Board's discretion based on market conditions and capital availability. About Liberty Liberty is a leading North American energy services firm that offers one
Liberty Energy Inc. (NYSE:LBRT) announced today that it will release its financial results for the first quarter ending March 31, 2024, after the market closes on Wednesday, April 17, 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, April 18, 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 call. A liv
Liberty Energy Inc. (NYSE:LBRT, "Liberty" or the "Company"))) announced today full year and fourth quarter 2023 financial and operational results. Summary Results and Highlights Revenue of $4.7 billion for the year ended December 31, 2023 Net income1 of $556 million, or $3.15 fully diluted earnings per share ("EPS"), for the year ended December 31, 2023, up 39% and 49%, respectively. EPS grew faster than net income due to reduced share count Adjusted EBITDA2 of $1.2 billion, a 41% increase over the prior year, for the year ended December 31, 2023 Achieved 40% Adjusted Pre-Tax Return on Capital Employed ("ROCE")3 and 34% Cash Return on Capital Invested ("CROCI")4 for the year e
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
TD Cowen reiterated coverage of Liberty Energy with a rating of Hold and set a new price target of $21.00 from $19.00 previously
Morgan Stanley downgraded Liberty Energy from Overweight to Equal-Weight and set a new price target of $17.00 from $20.00 previously
Citigroup downgraded Liberty Energy from Buy to Neutral and set a new price target of $19.00
Wells Fargo upgraded Liberty Energy from Equal Weight to Overweight and set a new price target of $24.00
RBC Capital Mkts upgraded Liberty Energy from Sector Perform to Outperform and set a new price target of $25.00 from $21.00 previously
Wells Fargo downgraded Liberty Oilfield Services from Overweight to Equal Weight and set a new price target of $15.00 from $14.00 previously
BofA Securities upgraded Liberty Oilfield Services from Neutral to Buy