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Goldman Sachs Reaffirms Their Hold Rating on Liberty Oilfield Services (LBRT)

Tipranks - Tipranks - Thu Feb 5, 4:50PM CST

Goldman Sachs analyst Atidrip Modak maintained a Hold rating on Liberty Oilfield Services today and set a price target of $26.00.

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According to TipRanks, Modak is a 4-star analyst with an average return of 20.9% and a 47.83% success rate. Modak covers the Energy sector, focusing on stocks such as Helmerich & Payne, NOV, and Weatherford International.

In addition to Goldman Sachs, Liberty Oilfield Services also received a Hold from TipRanks – xAI’s xAi Oil and Gas Equipment and Services in a report issued today. However, on February 2, Piper Sandler upgraded Liberty Oilfield Services (NYSE: LBRT) to a Buy.

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Based on Liberty Oilfield Services’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $947.4 million and a net profit of $43.06 million. In comparison, last year the company earned a revenue of $1.14 billion and had a net profit of $73.8 million

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