04:18 PM EDT, 03/13/2024 (MT Newswires) -- Liberty Energy (LBRT) may face some risk from rival ProFrac Holding's ( ACDC ) market-share play, a potential precursor of a more competitive price environment in the pressure-pumping market, Bloomberg Intelligence said in a report Wednesday.

However, Liberty's solid industry position following its 2020 purchase of Schlumberger's (SLB) OneStim pressure-pumping operations, could help it maintain or win market share, Bloomberg Intelligence said.

"The deal virtually doubled its size and added complementary services that may support earnings growth," it said.

Bloomberg Intelligence also said Liberty's capital spending should taper off this year following the rollout of its electric fracking product in the last two years, which should support its buyback program.

Price: 20.2, Change: +0.01, Percent Change: +0.05