Streetbeat News

LandBridge Company LLC

https://www.landbridgeco.com

Industry

Oil & Gas Equipment & Services

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.

Open

66.50

Mkt cap

1.2B

Volume

449K

High

68.57

P/E Ratio

-25.17

52-wk high

78.41

Low

65.78

Div yield

N/A

52-wk low

18.75

LandBridge Company LLC (NYSE:LB) held its Q3 2024 earnings conference call on November 7, 2024. Key participants included CEO Jason Long and CFO Scott McNeely, with analysts from Johnson Rice, Piper Sandler, and Pickering Energy Partners attending.

Portfolio Pulse from

November 09, 2024 | 1:15 am

LandBridge is showing strong growth potential with a 62% rise in EBITDA, initiation of its first dividend, and new ventures in data centers and renewable energy. Its diversified revenue streams and high-margin business model make it a valuable investment.

Portfolio Pulse from

November 08, 2024 | 1:45 pm

Barclays analyst Theresa Chen maintains an Equal-Weight rating on LandBridge (NYSE:LB) and raises the price target from $29 to $38.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 6:06 pm

LandBridge (NYSE:LB) has been analyzed by 10 analysts, showing a range of ratings from bullish to bearish. Recent analyst actions include raised price targets and ratings, with an average 12-month price target of $34.2. Despite positive revenue growth, LandBridge faces challenges with net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 3:00 pm

Goldman Sachs analyst John Mackay has maintained a Buy rating on LandBridge (NYSE:LB) and raised the price target from $38 to $43.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:18 pm

LandBridge (NYSE:LB) has been analyzed by 9 analysts, showing a range of ratings from bullish to bearish. The average 12-month price target is $33.22, up from $32.50. Analysts have adjusted their ratings and price targets, reflecting their perception of LandBridge's market position. The company has shown a 19.48% revenue growth but faces challenges with a high debt-to-equity ratio and negative net margin.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 8:01 pm

Citigroup analyst Spiro Dounis has maintained a Neutral rating on LandBridge (NYSE:LB) while raising the price target from $31 to $34.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:08 pm

MIRA Pharmaceuticals shares surged 44.8% in pre-market trading after announcing a successful rat study with Ketamin-2. Other notable pre-market movers include MEDIROM Healthcare, Prestige Wealth, and Tevogen Bio, among others.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 9:58 am

Wells Fargo analyst Roger Read maintains an Overweight rating on LandBridge (NYSE:LB) and raises the price target from $34 to $36.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:42 pm

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