Liberty Energy (LBRT)

• Market cap: $2.89B
• 1 day: 1.25%
• 5 days: 0.96%
• 1 month: -21.18%
• 3 months: -2.83%
• 6 months: -10.54%
• Year to date: -13.91%
• 1 year: -14.07%
• 5 years: 123.71%
• 10 years: -18.02%
• Sector: Energy
• Industry: Oil & Gas Field Services

About: Liberty Energy Inc is a integrated energy services and technology company focused on providing hydraulic fracturing services and related technologies to onshore oil and natural gas exploration and production (E&P) companies. The Company offers customers with hydraulic fracturing services, together with complementary services including wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods (including sand mine operations), and technologies to facilitate lower emission completions, thereby helping customers reduce emissions profile. The company provides services across USA and Canada.

Employees: 5,700

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

22% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 49

1% more funds holding

Funds holding: 316 [Q3] → 319 (+3) [Q4]

3% less capital invested

Capital invested by funds: $3.4B [Q3] → $3.28B (-$113M) [Q4]

6.74% less ownership

Funds ownership: 107.76% [Q3] → 101.02% (-6.74%) [Q4]

23% less repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 124

36% less call options, than puts

Call options by funds: $9.19M | Put options by funds: $14.3M

100% less funds holding in top 10

Funds holding in top 10: 1 [Q3] → 0 (-1) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $16 10% downside
• Avg. target: $22 22% upside
• High target: $25 40% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

RBC Capital Keith Mackey 50% 1-year accuracy 10 / 20 met price target	35% upside $24	Outperform Maintained	31 Jan 2025
Stifel Stephen Gengaro 52% 1-year accuracy 47 / 91 met price target	40% upside $25	Buy Maintained	31 Jan 2025
Wells Fargo Roger Read 39% 1-year accuracy 43 / 109 met price target	23% upside $22	Overweight Maintained	31 Jan 2025
TD Cowen Marc Bianchi 55% 1-year accuracy 18 / 33 met price target	10% downside $16	Hold Maintained	8 Jan 2025
Citigroup Scott Gruber 45% 1-year accuracy 32 / 71 met price target	23% upside $22	Neutral Maintained	7 Jan 2025