Liberty Energy Inc Class A
LBRT: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$16.00 | Npg | Nfjmwdd |
Strong Fracking Activity Bolsters Liberty Energy's Third-Quarter Results
Liberty Energy posted very strong results in its third quarter, with revenue increasing 82% year over year and 26% sequentially. We'll incorporate the firm's full financial results shortly, but after this first look we maintain our $16 fair value estimate. The firm's no-moat rating, stable moat trend, and Morningstar Uncertainty Rating of Very High are unchanged following results.