Liberty Oilfield Services (LBRT) Gets a Buy from Morgan Stanley

Morgan Stanley analyst Daniel Kutz maintained a Buy rating on Liberty Oilfield Services yesterday and set a price target of $18.00. The company’s shares closed yesterday at $15.32.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

According to TipRanks, Kutz is a 3-star analyst with an average return of 4.7% and a 52.00% success rate. Kutz covers the Energy sector, focusing on stocks such as Baker Hughes Company, Halliburton, and Patterson-UTI.

In addition to Morgan Stanley, Liberty Oilfield Services also received a Buy from Stifel Nicolaus’s Stephen Gengaro in a report issued yesterday. However, today, TR | OpenAI – 4o reiterated a Hold rating on Liberty Oilfield Services (NYSE: LBRT).

Based on Liberty Oilfield Services’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.04 billion and a net profit of $71.02 million. In comparison, last year the company earned a revenue of $1.16 billion and had a net profit of $108.42 million