Barclays Issues a Hold Rating on LandBridge Company LLC Class A (LB)

Barclays analyst Theresa Chen assigned a Hold rating to LandBridge Company LLC Class A today and set a price target of $75.00.

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According to TipRanks, Chen is a top 100 analyst with an average return of 18.5% and a 75.43% success rate. Chen covers the Energy sector, focusing on stocks such as Kinetik, Enterprise Products Partners, and Oneok.

LandBridge Company LLC Class A has an analyst consensus of Moderate Buy, with a price target consensus of $79.00.

Based on LandBridge Company LLC Class A’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $56.78 million and a net profit of $8.06 million. In comparison, last year the company earned a revenue of $36.5 million and had a net profit of $2.45 million

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LB in relation to earlier this year. Last month, CHARLES L. WATSON, a Director at LB sold 53,350.00 shares for a total of $3,974,151.40.