Wells Fargo Sticks to Their Buy Rating for LandBridge Company LLC Class A (LB)

Wells Fargo analyst Roger Read maintained a Buy rating on LandBridge Company LLC Class A yesterday and set a price target of $91.00. The company’s shares closed yesterday at $53.32.

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According to TipRanks, Read is an analyst with an average return of -0.2% and a 50.30% success rate. Read covers the Energy sector, focusing on stocks such as Coterra Energy, APA, and Devon Energy.

In addition to Wells Fargo, LandBridge Company LLC Class A also received a Buy from Goldman Sachs’s John Mackay in a report issued on October 7. However, on October 14, Barclays maintained a Hold rating on LandBridge Company LLC Class A (NYSE: LB).

Based on LandBridge Company LLC Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $47.53 million and a net profit of $7.28 million. In comparison, last year the company earned a revenue of $19.01 million and had a net profit of $10.78 million