Reported 2 days ago
Liberty Energy Inc. (NYSE:LBRT) saw its stock plunge 19.11% this week due to fears of a global trade war and an impending economic slowdown, exacerbated by China's retaliatory tariffs and a significant drop in global oil prices. Despite meeting fourth-quarter earnings expectations, the company reported a year-over-year revenue decline of 11.8% and missed estimates, raising concerns about potential impacts from tariffs on steel imports. Furthermore, OPEC+'s decision to increase output is likely to pressure oil prices further, leading analysts to downgrade forecasts for Brent and WTI crude.
Source: YAHOO