Weiss Ratings Reaffirms Hold (C) Rating for LandBridge (NYSE:LB)

Key Points

• Weiss Ratings has reaffirmed a "hold" rating for LandBridge (NYSE: LB) in a recent report, indicating a cautious stance on the company's performance.
• Analysts have lowered price objectives for LandBridge, with Barclays reducing it to $57 and Piper Sandler to $55, reflecting a general decline in expectations for the company's stock.
• Institutional investors are actively adjusting their positions in LandBridge, with several firms acquiring new stakes, signaling potential interest in the company's future prospects.

LandBridge (NYSE:LB - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

A number of other equities research analysts also recently commented on the company. Barclays lowered their price objective on LandBridge from $66.00 to $57.00 and set an "equal weight" rating for the company in a research report on Tuesday. Piper Sandler lowered their price objective on LandBridge from $70.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. Zacks Research downgraded LandBridge from a "hold" rating to a "strong sell" rating in a research report on Friday. Finally, Raymond James Financial lowered their price objective on LandBridge from $85.00 to $75.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $65.50.

LandBridge Price Performance

LandBridge stock traded up $0.40 during mid-day trading on Tuesday, hitting $52.20. 125,826 shares of the company were exchanged, compared to its average volume of 558,343. The company has a debt-to-equity ratio of 0.54, a current ratio of 4.26 and a quick ratio of 4.26. The business's 50 day simple moving average is $53.31 and its two-hundred day simple moving average is $63.08. The company has a market capitalization of $4.00 billion, a P/E ratio of 14.66 and a beta of 0.14. LandBridge has a 12-month low of $48.55 and a 12-month high of $87.60.

Institutional Investors Weigh In On LandBridge

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in LandBridge during the first quarter valued at about $28,000. NewEdge Advisors LLC grew its position in LandBridge by 110.6% during the second quarter. NewEdge Advisors LLC now owns 398 shares of the company's stock valued at $27,000 after acquiring an additional 209 shares during the period. Uniplan Investment Counsel Inc. purchased a new stake in LandBridge during the first quarter valued at about $30,000. Banque Transatlantique SA purchased a new stake in LandBridge during the first quarter valued at about $34,000. Finally, Deutsche Bank AG acquired a new position in shares of LandBridge during the first quarter worth about $55,000.

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.

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