Zacks Research Upgrades LandBridge (NYSE:LB) to “Strong-Buy”

LandBridge (NYSE:LB) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other research firms have also weighed in on LB. Barclays dropped their price target on LandBridge from $66.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. UBS Group restated a “neutral” rating and set a $65.00 target price on shares of LandBridge in a report on Monday, November 24th. Raymond James Financial lowered shares of LandBridge from a “moderate buy” rating to a “strong sell” rating in a research note on Friday, December 5th. Wells Fargo & Company dropped their price objective on shares of LandBridge from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LandBridge in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $73.33.

LandBridge Stock Down 2.3%

Shares of LandBridge stock opened at $45.61 on Monday. The company’s 50 day moving average price is $58.22 and its 200-day moving average price is $56.84. LandBridge has a 52-week low of $45.12 and a 52-week high of $87.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.15 and a current ratio of 4.15. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 65.15 and a beta of 0.43.

LandBridge (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). LandBridge had a net margin of 13.72% and a return on equity of 4.63%. The company had revenue of $50.83 million for the quarter, compared to analysts’ expectations of $49.13 million. Equities research analysts forecast that LandBridge will post 0.99 EPS for the current year.

Insiders Place Their Bets

In other LandBridge news, insider Jason Thomas Long acquired 2,143 shares of LandBridge stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average cost of $46.59 per share, for a total transaction of $99,842.37. Following the acquisition, the insider owned 223,546 shares of the company’s stock, valued at $10,415,008.14. This represents a 0.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of LandBridge stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $70.00, for a total transaction of $175,000,000.00. Additional details regarding this sale are available in the official SEC disclosure. 70.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LB. NewEdge Advisors LLC grew its stake in shares of LandBridge by 110.6% during the 2nd quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after purchasing an additional 209 shares during the period. Aquatic Capital Management LLC bought a new position in LandBridge in the third quarter worth approximately $63,000. Jones Financial Companies Lllp boosted its stake in shares of LandBridge by 805.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,232 shares of the company’s stock worth $67,000 after acquiring an additional 1,096 shares during the last quarter. Comerica Bank grew its position in shares of LandBridge by 13.6% during the 3rd quarter. Comerica Bank now owns 1,369 shares of the company’s stock valued at $73,000 after acquiring an additional 164 shares during the period. Finally, Avondale Wealth Management bought a new stake in shares of LandBridge during the 2nd quarter valued at $81,000.

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. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.