Liberty Energy (LBRT) Stock Surges 28% After Q3 Earnings – What’s Next?
Liberty Energy shares surged 28% to $15.32 on Oct. 17 after Q3 results, rebounding from a prior close of $11.94. Revenue fell 17% to $947 million, with an adjusted EPS loss of $0.06, but GAAP net income reached $43 million due to one-time gains. Management raised the dividend 13%. Despite the rally, the stock remains well below last year’s $23.58 high.