LandBridge (NYSE:LB) Shares Up 7.4% – What’s Next?

LandBridge Co LLC (NYSE:LB) traded up 7.4% during mid-day trading on Wednesday . The company traded as high as $70.15 and last traded at $69.94. 526,186 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 744,719 shares. The stock had previously closed at $65.11.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays boosted their price target on LandBridge from $38.00 to $79.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Royal Bank of Canada restated an “underperform” rating and set a $25.00 price objective on shares of LandBridge in a report on Tuesday, December 10th. The Goldman Sachs Group restated a “buy” rating and issued a $71.00 target price on shares of LandBridge in a research note on Friday, January 3rd. Raymond James raised their target price on LandBridge from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Piper Sandler upped their target price on LandBridge from $39.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. One investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $53.33.

LandBridge Stock Up 7.2 %

The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. The stock’s fifty day moving average is $67.85 and its 200 day moving average is $53.27.

LandBridge (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.24). The company had revenue of $28.49 million for the quarter, compared to the consensus estimate of $35.50 million. On average, sell-side analysts forecast that LandBridge Co LLC will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in LandBridge in the third quarter valued at $31,000. KBC Group NV acquired a new position in LandBridge in the 4th quarter valued at about $72,000. Blue Trust Inc. purchased a new position in LandBridge during the fourth quarter worth about $110,000. Canton Hathaway LLC acquired a new stake in LandBridge in the fourth quarter valued at $211,000. Finally, Stratos Wealth Partners LTD. purchased a new position in LandBridge in the fourth quarter valued at about $234,000.

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.