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Liberty Energy upgraded to Buy from Neutral at Seaport Research
The Fly

Liberty Energy upgraded to Buy from Neutral at Seaport Research

Seaport Research upgraded Liberty Energy (LBRT) to Buy from Neutral with a $27 price target For oilfield services in 2025, the firm believes the risk/reward balance for U.S. shale is now superior to that of the rest of the world. Oil should be “close to a floor that will prove resilient” given the forecast deceleration in lower 48 crude oil production growth, and natural gas has “promising odds of finally seeing the long-anticipated call on natural gas kick in,” the analyst tells investors in a research note. Seaport likes Liberty’s “elite” fracking operation, “burgeoning” Liberty Power Innovations business in the virtual pipeline solutions market, and its technology emphasis and advantages.

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