Liberty Energy Inc Class A
LBRT: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$21.00 | Vdh | Cwhntxd |
Stellar Q2 for Liberty Energy Driven by Tight Frac Equipment Market
Liberty Energy had a very strong second quarter as exceptionally high demand for pressure pumping equipment drove significant revenue gains and margin expansion for the quarter. We’re slightly raising our fair value estimate to $16 from $15 following the results. Our no-moat rating, stable moat trend, and Morningstar Uncertainty Rating of Very High are unchanged.