Marc Bianchi, an analyst from TD Cowen, maintained the Hold rating on Liberty Oilfield Services. The associated price target is $10.00.
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Marc Bianchi has given his Hold rating due to a combination of factors including Liberty Oilfield Services’ recent performance and future outlook. The company experienced a better-than-expected second quarter, but anticipates a decline in the latter half of the year, consistent with industry trends. This anticipated decline is attributed to reduced utilization of assets and a slight decrease in pricing, despite firm pricing on newer technologies like DigiFrac and DigiPrime.
Additionally, Liberty’s capital expenditure guidance was lowered, reflecting reduced spending on fracturing and adjusted timelines for power deliveries. This adjustment, combined with a lower EBITDA outlook, suggests cash outflows in the second half of 2025. While the company has plans for future deployments and partnerships, the current financial outlook and market conditions have led to a more cautious stance, resulting in the Hold rating.
Bianchi covers the Energy sector, focusing on stocks such as Tenaris SA, NOV, and Halliburton. According to TipRanks, Bianchi has an average return of 1.2% and a 44.80% success rate on recommended stocks.
In another report released today, Piper Sandler also maintained a Hold rating on the stock with a $14.00 price target.