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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