Liberty Energy (NYSE:LBRT) Stock Price Target Cut by TD Cowen

Key Points

• TD Cowen cut Liberty Energy’s price target from $24 to $22 while maintaining a “hold” rating, though the new target implies approximately 45% upside from the stock’s $15.13 price.
• Analyst sentiment remains mixed but leans positive: Liberty has a consensus “Moderate Buy” rating and an average price target of $27.21, with eight Buy ratings and six Holds.
• Liberty reported third-quarter revenue of approximately $1.2 billion, up 26% year over year, and adjusted EPS of $0.06; investors are also watching its proposed 1.2-gigawatt AI power development, which remains an early-stage opportunity with uncertain timing and profitability.

Liberty Energy (NYSE:LBRT - Get Free Report) had its target price cut by research analysts at TD Cowen from $24.00 to $22.00 in a research note issued on Friday, Benzinga reports. The firm presently has a "hold" rating on the stock. TD Cowen's price target would suggest a potential upside of 45.36% from the stock's current price.

A number of other research analysts have also weighed in on LBRT. Weiss Ratings raised shares of Liberty Energy from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Stifel Nicolaus decreased their price target on shares of Liberty Energy from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Royal Bank Of Canada lowered their price objective on shares of Liberty Energy from $34.00 to $29.00 and set a "sector perform" rating for the company in a research report on Friday, July 24th. Zacks Research cut shares of Liberty Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen cut shares of Liberty Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Liberty Energy has an average rating of "Moderate Buy" and a consensus target price of $27.21.

Liberty Energy Price Performance

Shares of Liberty Energy stock opened at $15.13 on Friday. The stock has a 50 day moving average of $19.18 and a 200 day moving average of $24.28. Liberty Energy has a 12 month low of $14.76 and a 12 month high of $34.48. The firm has a market cap of $2.47 billion, a PE ratio of 20.93, a PEG ratio of 3.02 and a beta of 0.71. The company has a current ratio of 1.99, a quick ratio of 1.75 and a debt-to-equity ratio of 0.74.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. Liberty Energy had a return on equity of 2.11% and a net margin of 0.91%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted ($0.06) EPS. The company's revenue was up 26.3% compared to the same quarter last year. On average, research analysts expect that Liberty Energy will post 0.28 EPS for the current fiscal year.

Insider Transactions at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 6,666 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $19.84, for a total value of $132,253.44. Following the completion of the sale, the chief financial officer owned 760,379 shares of the company's stock, valued at $15,085,919.36. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Arjun N. Murti bought 14,053 shares of the company's stock in a transaction on Tuesday, July 28th. The shares were acquired at an average price of $17.79 per share, with a total value of $250,002.87. Following the transaction, the director directly owned 41,621 shares of the company's stock, valued at approximately $740,437.59. This trade represents a 50.98% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 16,665 shares of company stock valued at $319,301. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Liberty Energy

A number of large investors have recently bought and sold shares of LBRT. Arrowstreet Capital Limited Partnership increased its stake in Liberty Energy by 901.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,431,125 shares of the company's stock worth $127,616,000 after purchasing an additional 3,988,535 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Liberty Energy in the second quarter worth about $61,185,000. Dimensional Fund Advisors LP grew its holdings in shares of Liberty Energy by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 9,233,668 shares of the company's stock worth $265,931,000 after purchasing an additional 431,269 shares during the last quarter. Sei Investments Co. increased its stake in Liberty Energy by 54.3% in the 1st quarter. Sei Investments Co. now owns 983,706 shares of the company's stock worth $28,331,000 after buying an additional 346,239 shares during the period. Finally, Castleark Management LLC purchased a new position in Liberty Energy in the 1st quarter worth about $7,626,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Key Liberty Energy News

Here are the key news stories impacting Liberty Energy this week:

• Positive Sentiment: Liberty highlighted a landmark 1.2-gigawatt AI power development agreement, with phased energization planned through the first quarter of 2029. Management expects to secure its first approximately 500-megawatt energy service agreement by December 2026, creating a potential long-term growth avenue beyond traditional oilfield services. Liberty Energy targets first approximately 500 MW energy service agreement
• Positive Sentiment: Third-quarter revenue rose 26% year over year to $1.2 billion, while adjusted EBITDA reached $142 million. Adjusted earnings were $0.06 per share, compared with a loss in the prior-year quarter, and Liberty distributed $15 million to shareholders. Liberty Energy Announces Third Quarter 2026 Financial and Operational Results
• Positive Sentiment: Unusually high options activity showed traders buying 4,761 call contracts, about 138% above typical volume, suggesting increased speculative interest in a rebound or future upside.
• Neutral Sentiment: Management’s earnings call emphasized an “AI power pivot,” but the new business remains a development opportunity; the timing of contracts, capital requirements and eventual profitability are not yet established. Liberty Energy’s Earnings Call Highlights AI Power Pivot
• Negative Sentiment: Liberty posted a $39 million net loss, or $(0.24) per diluted share. Adjusted EPS of $0.06 missed the $0.08 Zacks consensus estimate, even though it matched some other estimates, likely contributing to the negative market reaction. Liberty Energy Misses Q3 Earnings Estimates
• Negative Sentiment: The dividend increase signals management confidence, but commentary indicates cash flow remains a concern, limiting how strongly investors may value the shareholder-return announcement.

About Liberty Energy

Liberty Energy Inc is an oilfield services company that provides completion and production services to exploration and production companies. Its primary business is hydraulic fracturing, a well-stimulation technique used to improve the flow of oil and natural gas from unconventional reservoirs.

The company also offers wireline services, well diagnostics, frac data analysis, engineering support, and related technologies designed to help customers plan, execute, and evaluate well-completion operations.

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