Liberty Energy (LBRT)

• Market cap: $3.7B
• 1 day: -2.12%
• 5 days: 4.91%
• 1 month: 21.21%
• 3 months: 23.66%
• 6 months: 2.21%
• Year to date: 9.27%
• 1 year: 34.38%
• 5 years: 113.29%
• 10 years: 4.05%
• 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

3.3% more ownership

Funds ownership: 104.46% [Q2] → 107.76% (+3.3%) [Q3]

5% less funds holding

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

7% less capital invested

Capital invested by funds: $3.64B [Q2] → $3.4B (-$238M) [Q3]

20% less first-time investments, than exits

New positions opened: 40 | Existing positions closed: 50

50% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $16 29% downside
• Avg. target: $20 10% downside
• High target: $23 2% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

TD Cowen Marc Bianchi 55% 1-year accuracy 18 / 33 met price target	29% downside $16	Hold Maintained	8 Jan 2025
Citigroup Scott Gruber 53% 1-year accuracy 36 / 68 met price target	3% downside $22	Neutral Maintained	7 Jan 2025
Stifel Stephen Gengaro 58% 1-year accuracy 49 / 85 met price target	2% upside $23	Buy Maintained	6 Jan 2025