Liberty Energy’s Rollercoaster: LBRT Surges on Earnings Despite Oilfield Headwinds
Liberty Energy shares jumped over 20% intraday on October 17 after reporting Q3 revenue of $947 million, down 17% year-over-year, and an adjusted net loss of $0.06 per share. Despite the rebound, LBRT remains about 40% lower year-to-date, closing at $11.94 on October 16. The company raised its quarterly dividend by 13% to $0.09 per share. Analyst price targets cluster around $13–$15 for the next year.