Liberty Energy (LBRT) is currently showing signs of being oversold, with an RSI of 32.09, indicating potential for a short-term rebound. The stock is trading near its 52-week low, which may present a buying opportunity.
The stock is currently trading near the S1 support level of 14.01, with resistance at 14.94. A breakout above this level could signal a bullish reversal.
Based on oversold conditions and potential positive news impact, Liberty Energy (LBRT) is expected to rise to $15.23 next week. Buy with a target price of $15.23 and a stop-loss at $13.72.
The price of LBRT is predicted to go up 18.53%, based on the high correlation periods with CHH. The similarity of these two price pattern on the periods is 98.82%.
LBRT
CHH
Increased market share resulting from the OneStim acquisition will enable Liberty to develop relationships with new clients, leading to higher revenue growth over time.
Liberty can command pricing premiums through its dual-fuel and electric frac spreads.
By adding frac sand mines to its business, Liberty can ensure a steady supply even when markets are tight.
RBC Capital
2025-01-31
Price Target
$26 → $24
Upside
+31.08%
TD Cowen
2025-01-08
Price Target
$18 → $16
Downside
-25.13%
Citigroup
2025-01-07
Price Target
$19 → $22
Upside
+1.8%