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

LandBridge Co LLC (NYSE:LB) has been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat.com reports. One 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. The average 1 year price target among brokerages that have covered the stock in the last year is $53.33.

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

Institutional Trading of LandBridge

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Centiva Capital LP lifted its holdings in LandBridge by 4.7% in the third quarter. Centiva Capital LP now owns 9,527 shares of the company’s stock worth $373,000 after buying an additional 427 shares during the period. Fairway Wealth LLC purchased a new stake in LandBridge in the fourth quarter worth about $50,000. nVerses Capital LLC purchased a new stake in LandBridge in the third quarter worth about $31,000. Generali Investments Management Co LLC purchased a new stake in LandBridge in the fourth quarter worth about $52,000. Finally, Mad River Investors lifted 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 buying an additional 902 shares during the period.

LandBridge Price Performance

Shares of NYSE:LB opened at $69.87 on Thursday. The stock’s 50-day moving average price is $67.14 and its 200-day moving average price is $54.78. LandBridge has a 12-month low of $18.75 and a 12-month high of $84.70. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60.

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.