Jim Cramer Had These 21 Stocks on His Radar

18. Liberty Energy Inc. (NYSE:LBRT)

Number of Hedge Fund Holders: 29

Cramer was asked about Liberty Energy Inc. (NYSE:LBRT) during the lightning round, and he stated:

“Oh man, I used to, I love the guy who used to run the thing, you know that. But I’ve gotta tell you, I am not in the oil service business. And not only that, but there’s a guy named Halliburton. A lot of people seem to like him. I don’t care for the stock of Halliburton. I like Schlumberger.”

Liberty Energy (NYSE:LBRT) delivers hydraulic fracturing services and technologies to oil and gas exploration and production companies. The company provides wireline work, proppant delivery, field gas processing, CNG transport, data tools, sand supply, and well site fueling and logistics. Back in November 2024, Cramer extensively commented on the company as he stated:

“Let me say from the outset that I think the world of Liberty Energy, the oil service company run by Chris Wright, who’s Trump’s pick for Energy Secretary. It’s the fourth largest oil service company in North America, covering all the major basins. I like fracking. I like oil service companies that help extract fossil fuels from land.

Their August slide deck titled ‘Liberty Energy and Energy Realities’ is a terrific document… The energy and geopolitics section will make you feel proud of what Liberty does and more important, the way fracking has changed the balance of power worldwide. You will feel safer. You are safer. Oh, but then there’s that last page in the deck, the conclusion page. And here, Wright, and I, we part company. The conclusions reached, I find are downright antediluvian and would be condemned by every single contemporary oil executive I’ve ever met… First conclusion Wright reaches: there is no climate crisis. Now every other oil person I’ve met is worried about a climate crisis…

No climate crisis? Gimme a break. Second: there is no energy transition. Not only do most oil CEOs accept that there’s an energy transition, they’re all preparing for it… How about this third conclusion? Net Zero 2050 is the sinister goal. I mean, really? I mean, sure the document adds Zero Energy Poverty 2050 is a superior goal. Oh, sinister? I’m calling that an ill-advised description…

What matters to you is that in my nearly 20 years doing Mad Money, Wright’s ethos is different from every CEO’s, both on camera and off. And you’re watching someone who’s… [a] champion of what the oil and gas industry has done for our security and our power as a nation… I’m not seeing this Liberty Energy at [the] top of the 52-week high list. In fact, it’s less than one point above a 52-week low. Down more than seven bucks from its 52-week high of $24.75. It’s selling at less than 10 times earnings. It has far underperformed the XLE, that’s the largest energy ETF.”