Piper Sandler Sticks to Their Hold Rating for LandBridge Company LLC Class A (LB)
In a report released today, Mark Lear from Piper Sandler maintained a Hold rating on LandBridge Company LLC Class A, with a price target of $55.00.
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Lear covers the Energy sector, focusing on stocks such as EOG Resources, Expand Energy, and Chord Energy. According to TipRanks, Lear has an average return of 5.2% and a 51.60% success rate on recommended stocks.
Currently, the analyst consensus on LandBridge Company LLC Class A is a Moderate Buy with an average price target of $67.25.
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
