Liberty Energy (LBRT)

• Market cap: $2.97B
• 1 day: -0.55%
• 5 days: -3.09%
• 1 month: 3.41%
• 3 months: -13.15%
• 6 months: -10.54%
• Year to date: 0.06%
• 1 year: -1.94%
• 5 years: 69.34%
• 10 years: -16.46%
• Sector: Energy
• Industry: Oil & Gas Field Services

About: Liberty Energy is an oilfield services company that provides hydraulic fracturing services—mainly pressure pumping—in major basins throughout North America. Its 2020 acquisition of Schlumberger's OneStim business segment made Liberty one of the largest pressure pumpers in North America. It also added wireline operations, two Permian frac sand mines, and an expanded technological portfolio.

Employees: 5,500

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

52% more call options, than puts

Call options by funds: $4.93M | Put options by funds: $3.24M

20% more repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 108

2.57% more ownership

Funds ownership: 103.29% [Q2] → 105.86% (+2.57%) [Q3]

5% less funds holding

Funds holding: 331 [Q2] → 315 (-16) [Q3]

7% less capital invested

Capital invested by funds: $3.59B [Q2] → $3.34B (-$257M) [Q3]

29% less first-time investments, than exits

New positions opened: 40 | Existing positions closed: 56

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

Research analyst outlook

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

• Low target: $19 5% upside
• Avg. target: $22 23% upside
• High target: $25 38% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Barclays Derek Podhaizer 44% 1-year accuracy 4 / 9 met price target	16% upside $21	Overweight Maintained	18 Oct 2024
Stifel Stephen Gengaro 50% 1-year accuracy 41 / 82 met price target	38% upside $25	Buy Maintained	18 Oct 2024
Wells Fargo Roger Read 23% 1-year accuracy 23 / 99 met price target	32% upside $24	Overweight Maintained	18 Oct 2024
RBC Capital Keith Mackey 48% 1-year accuracy 11 / 23 met price target	27% upside $23	Outperform Maintained	18 Oct 2024
Citigroup Scott Gruber 41% 1-year accuracy 27 / 66 met price target	5% upside $19	Neutral Downgraded	18 Oct 2024