Reported 1 day ago
Piper Sandler has initiated coverage of Liberty Energy Inc. (NYSE:LBRT), assigning it a 'Neutral' rating with a price target of $14. The firm anticipates a challenging environment for U.S. land operations due to a decline in the rig count, although Liberty Energy reported strong Q1 2025 revenues of $977 million and adjusted EBITDA of $168 million. The company’s scale, vertical integration, and technological advancements position it well to handle market uncertainties despite the overall oil market challenges.
Source: YAHOO