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

LandBridge (NYSE:LB) had its price objective boosted by analysts at Barclays from $38.00 to $79.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 5.57% from the company’s current price.

A number of other research firms have also weighed in on LB. Piper Sandler upped their price target on shares of LandBridge from $39.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Royal Bank of Canada restated an “underperform” rating and set a $25.00 target price on shares of LandBridge in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $71.00 target price on shares of LandBridge in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.67.

LandBridge Price Performance

LB opened at $74.83 on Friday. LandBridge has a 1-year low of $18.75 and a 1-year high of $80.82. The company has a 50 day simple moving average of $67.51 and a two-hundred day simple moving average of $49.50. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.60.

Hedge Funds Weigh In On LandBridge

Institutional investors have recently bought and sold shares of the business. Segment Wealth Management LLC purchased a new stake in shares of LandBridge in the fourth quarter valued at $323,000. Mad River Investors raised 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 valued at $15,081,000 after acquiring an additional 902 shares during the period. Annex Advisory Services LLC purchased a new stake in shares of LandBridge in the fourth quarter valued at $1,165,000. Sandbox Financial Partners LLC purchased a new stake in shares of LandBridge in the fourth quarter valued at $637,000. Finally, HighTower Advisors LLC raised its stake in shares of LandBridge by 370.2% in the third 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.

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.