Shares of Liberty Energy Inc. (LBRT) surged 5.03% during intraday trading, as the oilfield services provider delivered better-than-expected first-quarter results and received mixed analyst reactions. The company's strong performance and strategic moves have caught investors' attention despite a challenging environment in the energy sector.
Liberty Energy reported a first-quarter 2025 adjusted net income of 4 cents per share, marginally beating the Zacks Consensus Estimate of 3 cents. While this represents a decline from the 48 cents per share reported in the same quarter last year, the outperformance indicates operational efficiencies and increased utilization of frac and wireline fleets. The company's revenues of $977.5 million also surpassed analyst expectations, beating estimates by 3.4%, although it was below the prior-year quarter's level of $1.1 billion.
Following the earnings release, several analysts adjusted their outlook on Liberty Energy. Barclays maintained its Overweight rating but lowered its price target to $16 from $17. Citigroup maintained a Neutral rating while reducing its target price to $13.50 from $16. Stifel reiterated its Buy rating but trimmed its price target to $22 from $23. These mixed but generally positive analyst actions, combined with the company's better-than-expected results, likely contributed to the stock's significant rise.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.