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

LandBridge (NYSE:LB) had its target price raised by equities researchers at Raymond James from $80.00 to $85.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 25.85% from the company’s previous close.

Several other research analysts have also commented on the stock. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $25.00 price target on shares of LandBridge in a report on Tuesday, December 10th. Piper Sandler increased their price objective on shares of LandBridge from $39.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. The Goldman Sachs Group reissued a “buy” rating and set a $71.00 target price on shares of LandBridge in a research note on Friday, January 3rd. Finally, Barclays lifted 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. 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 currently has a consensus rating of “Moderate Buy” and an average price target of $53.33.

LandBridge Stock Performance

Shares of NYSE:LB opened at $67.54 on Tuesday. The company has a 50 day moving average of $68.53 and a two-hundred day moving average of $52.09. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60. LandBridge has a 52-week low of $18.75 and a 52-week high of $84.70.

LandBridge (NYSE:LB) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (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 analyst estimates of $35.50 million. Sell-side analysts predict that LandBridge will post 0.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Centiva Capital LP raised its holdings in shares of LandBridge by 4.7% during the third quarter. Centiva Capital LP now owns 9,527 shares of the company’s stock valued at $373,000 after acquiring an additional 427 shares during the period. nVerses Capital LLC purchased a new stake in LandBridge in the 3rd quarter worth approximately $31,000. Mad River Investors increased its stake in shares of 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 acquiring an additional 902 shares during the last quarter. M&R Capital Management Inc. acquired a new position in shares of LandBridge in the third quarter worth $39,000. Finally, KBC Group NV purchased a new stake in shares of LandBridge during the 4th quarter worth about $72,000.

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.