LandBridge (NYSE:LB) Earns “Buy” Rating from The Goldman Sachs Group

LandBridge (NYSE:LB)‘s stock had its “buy” rating reiterated by analysts at The Goldman Sachs Group in a report issued on Friday, Marketbeat Ratings reports. They presently have a $71.00 price target on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 1.43% from the stock’s current price.

Several other research analysts also recently commented on the company. Barclays lifted their price target on LandBridge from $29.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Piper Sandler upped their target price on shares of LandBridge from $39.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Royal Bank of Canada restated an “underperform” rating and issued a $25.00 price target on shares of LandBridge in a research report on Tuesday, December 10th. Finally, Citigroup upped their price objective on shares of LandBridge from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. One 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $43.11.

LandBridge Price Performance

LB stock opened at $70.00 on Friday. 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 company’s 50-day moving average price is $64.90. The company has a market capitalization of $5.12 billion and a PE ratio of 19.66. LandBridge has a 52-week low of $18.75 and a 52-week high of $80.82.

Institutional Trading of LandBridge

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

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.