Barclays Issues Positive Forecast for LandBridge (NYSE:LB) Stock Price

LandBridge (NYSE:LB) had its price target upped by Barclays from $79.00 to $80.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 2.54% from the company’s current price.

Several other equities research analysts have also commented on LB. 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. Wells Fargo & Company set a $82.00 target price on shares of LandBridge and gave the company an “overweight” rating in a research report on Friday, March 7th. Raymond James increased their price objective on shares of LandBridge from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group restated a “buy” rating and issued a $71.00 target price on shares of LandBridge in a research note on Friday, January 3rd. Finally, Piper Sandler cut their price objective on LandBridge from $79.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $57.56.

LandBridge Trading Down 2.1 %

LB stock traded down $1.66 during midday trading on Friday, hitting $78.02. The stock had a trading volume of 308,215 shares, compared to its average volume of 647,192. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average price of $69.95 and a two-hundred day moving average price of $60.82. LandBridge has a 1-year low of $18.75 and a 1-year high of $84.70. The firm has a market cap of $5.71 billion and a P/E ratio of 21.92.

Institutional Trading of LandBridge

Hedge funds have recently made changes to their positions in the stock. Fairway Wealth LLC purchased a new stake in LandBridge during the fourth quarter valued at about $50,000. Generali Investments Management Co LLC purchased a new position in shares of LandBridge during the 4th quarter valued at about $52,000. KBC Group NV bought a new stake in LandBridge in the 4th quarter worth approximately $72,000. Comerica Bank lifted its position in LandBridge by 29.7% in the 4th quarter. Comerica Bank now owns 1,158 shares of the company’s stock worth $75,000 after buying an additional 265 shares during the last quarter. Finally, Blue Trust Inc. purchased a new position in shares of LandBridge during the fourth quarter worth approximately $110,000.

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.