LandBridge Co LLC (NYSE:LB) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of LandBridge Co LLC (NYSE:LB) have earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $53.33.

Several equities research analysts have recently commented on LB shares. The Goldman Sachs Group reissued a “buy” rating and set a $71.00 price target on shares of LandBridge in a research note on Friday, January 3rd. Barclays upped their target price on LandBridge from $38.00 to $79.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Piper Sandler upped their target price on LandBridge from $39.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Raymond James upped their target price on LandBridge from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $25.00 target price on shares of LandBridge in a research note on Tuesday, December 10th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Requisite Capital Management LLC acquired a new stake in shares of LandBridge during the 3rd quarter worth $293,000. Seven Grand Managers LLC increased its holdings in shares of LandBridge by 14.3% during the 3rd quarter. Seven Grand Managers LLC now owns 100,000 shares of the company’s stock worth $3,912,000 after buying an additional 12,500 shares during the last quarter. nVerses Capital LLC acquired a new stake in LandBridge in the 3rd quarter valued at $31,000. Raymond James & Associates increased its holdings in LandBridge by 9.2% in the 3rd quarter. Raymond James & Associates now owns 229,350 shares of the company’s stock valued at $8,972,000 after purchasing an additional 19,350 shares in the last quarter. Finally, Mad River Investors acquired a new stake in LandBridge in the 3rd quarter valued at $9,097,000.

LandBridge Trading Up 7.2 %

Shares of NYSE:LB opened at $69.80 on Thursday. The business’s 50 day simple moving average is $67.67 and its 200-day simple moving average is $53.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. LandBridge has a 12 month low of $18.75 and a 12 month high of $84.70.

LandBridge (NYSE:LB) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.24). The firm had revenue of $28.49 million during the quarter, compared to analyst estimates of $35.50 million. Equities analysts anticipate that LandBridge will post 0.99 EPS for the current year.

LandBridge Company Profile

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.