Liberty Energy Names New CEO As Chris Wright Prepares For US Energy Secretary Role
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2024
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Source: Benzinga
Leadership Changes at Liberty Energy: Liberty Energy Inc. is set to appoint William Kimble as non-executive Chairman and Ron Gusek as CEO following the nomination of Chris Wright for U.S. Secretary of Energy, with Wright remaining in his role until confirmation.
Market Impact and Future Outlook: LBRT shares rose 2.96% premarket, reflecting investor confidence amid Trump's commitment to boost oil and gas production, which may lead to increased drilling activities and a focus on fracking.
Analyst Views on XES
Wall Street analysts forecast XES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XES is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 95.730
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Current: 95.730
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
