LandBridge Co LLC (NYSE:LB) Given Average Recommendation of “Moderate Buy” by Brokerages

LandBridge Co LLC (NYSE:LBGet Free Report) has earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $36.57.

LB has been the topic of several recent research reports. Pickering Energy Partners initiated coverage on shares of LandBridge in a research report on Tuesday, July 23rd. They issued an “outperform” rating on the stock. Janney Montgomery Scott began coverage on shares of LandBridge in a research report on Thursday, July 25th. They set a “buy” rating and a $36.00 target price for the company. Raymond James started coverage on shares of LandBridge in a research report on Tuesday, July 23rd. They issued an “outperform” rating and a $34.00 price target on the stock. Citigroup raised their price objective on shares of LandBridge from $31.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group upped their target price on LandBridge from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th.

Check Out Our Latest Stock Report on LB

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in shares of LandBridge during the third quarter worth $31,000. M&R Capital Management Inc. acquired a new stake in LandBridge in the 3rd quarter worth about $39,000. Requisite Capital Management LLC purchased a new position in shares of LandBridge during the 3rd quarter worth about $293,000. Point72 DIFC Ltd purchased a new position in shares of LandBridge during the 2nd quarter worth about $497,000. Finally, Marshall Wace LLP acquired a new stake in shares of LandBridge in the second quarter worth approximately $1,158,000.

LandBridge Trading Up 0.3 %

LB opened at $56.29 on Tuesday. LandBridge has a one year low of $18.75 and a one year high of $58.24. The business’s fifty day moving average price is $43.77.

About LandBridge

(Get Free Report

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.

Further Reading

Analyst Recommendations for LandBridge (NYSE:LB)

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