Stifel Reiterates Buy Rating on Liberty Energy Inc (LBRT)

Stifel analyst Stephen Gengaro reiterated a Buy rating on Liberty Energy Inc (NYSE: LBRT).

The analyst commented, "LBRT continues to garner high-performance ratings from customers, particularly regarding response time, equipment quality, and consistency of field crews. The company has led in each of these categories since 2018, which arguably has helped drive LBRT's relative solid financial performance in recent quarters despite lackluster U.S. activity. LBRT continues to hold a solid mix between pricing and efficiency performance. Mr. Bat highlighted that the majority of its brand image derives from LBRT's leadership in response times, equipment quality, and strong field personnel which is noted as a key metric sought out from customers. Kimberlite emphasized LBRT's positioning in digital capabilities should ramp and could further contribute to its brand image in the next 1-2 years. We believe LBRT remains the best positioned due to its wide range of service offerings and is positioned along Halliburton as a leader, specifically in digital and technological capabilities."

For an analyst ratings summary and ratings history on Liberty Energy Inc click here. For more ratings news on Liberty Energy Inc click here.

Shares of Liberty Energy Inc closed at $10.69 yesterday.

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