Why These Energy Stocks are Losing This Week

4. Liberty Energy Inc. (NYSE:LBRT)

Share Price Decline Between Apr. 1 and Apr. 8: 36.91%

Liberty Energy Inc. (NYSE:LBRT) is a leading North American oilfield services firm with operations in major shale formations across the US and Canada.

Liberty Energy Inc. (NYSE:LBRT) is yet another victim of the ongoing global trade war sparked by President Trump’s tariffs on the entire international community. Like its peers in the oilfield services industry, LBRT is under pressure due to an increase in costs caused by the levies imposed on steel and aluminum imports. The company’s CEO recently stated that it plans to pass these costs on to its clients, which could further hit the company’s earnings by forcing its clients to slow down drilling activity. Meanwhile, the declining oil prices will also result in a major drop in margins, putting even more pressure on producers.