LandBridge (NYSE:LB) Stock Price Expected to Rise, Barclays Analyst Says

LandBridge (NYSE:LB) had its price target boosted by analysts at Barclays from $38.00 to $79.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 6.58% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada restated an “underperform” rating and issued a $25.00 price objective on shares of LandBridge in a report on Tuesday, December 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $71.00 target price on shares of LandBridge in a research note on Friday, January 3rd. Finally, Piper Sandler increased their price target on LandBridge from $39.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, LandBridge has an average rating of “Moderate Buy” and a consensus price target of $47.67.

LandBridge Stock Down 1.5 %

Shares of LB stock traded down $1.15 during trading on Friday, reaching $74.12. The company’s stock had a trading volume of 92,634 shares, compared to its average volume of 472,352. LandBridge has a one year low of $18.75 and a one year high of $80.82. The business has a fifty day moving average price of $67.52 and a 200-day moving average price of $48.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73.

Institutional Investors Weigh In On LandBridge

A number of institutional investors have recently added to or reduced their stakes in LB. Segment Wealth Management LLC bought a new position in shares of LandBridge in the 4th quarter worth about $323,000. Mad River Investors increased its holdings in LandBridge by 0.4% in the fourth quarter. Mad River Investors now owns 233,452 shares of the company’s stock worth $15,081,000 after purchasing an additional 902 shares in the last quarter. Annex Advisory Services LLC acquired a new stake in shares of LandBridge during the 4th quarter worth approximately $1,165,000. Sandbox Financial Partners LLC bought a new stake in shares of LandBridge in the 4th quarter valued at $637,000. Finally, HighTower Advisors LLC lifted its position in shares of LandBridge by 370.2% during the 3rd quarter. HighTower Advisors LLC now owns 68,649 shares of the company’s stock valued at $2,688,000 after acquiring an additional 54,048 shares during the period.

About LandBridge

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials.