LandBridge is heading for a third day of gains within a base. Shares had sold off on earnings before finding support at the 50-day moving average. LandBridge stock is Tuesday's selection for IBD 50 Stocks To Watch.
The stock is also in a first-stage base that tends to net higher gains after a strong breakout. On the daily chart on IBD MarketSurge, shares have formed a cup base with a buy point of 84.21. On their weekly chart, shares have carved a deep handle in the cup base that has a lower buy point at 79.47.
LandBridge operates oil assets in the Permian Basin across Texas and New Mexico. The company on May 7 posted first-quarter earnings per share of 28 cents, a 100% increase from the prior quarter. Sales grew 131% to $44 million.
LandBridge Stock: Rising Profit Estimates
Analysts polled by FactSet see earnings rising 459% in 2025 to $2.05 per share. In 2026, they estimate growth will increase 31% with earnings of $2.68 per share.
LandBridge stock has outperformed 97% of other stocks in the Investor's Business Daily database over the past 52 weeks. Its Composite Rating is 87 out of a best-possible 99, while the Earnings Per Share Rating meets the recommended threshold of 80.
The relative strength line is starting to rise as the stock's gains exceed those of the benchmark S&P 500 index.
Mutual funds own 46% of outstanding shares. But funds have not been net buyers of the stock in the recent 13 weeks. The stock holds an Accumulation/Distribution Rating of D-.
However, more funds have added the stock to their holdings in the four quarters since it started trading.
In the IBD mutual fund index, the Kinetics Market Opportunities Fund(KMKNX) holds shares of LandBridge.
Shares of LandBridge stock listed on the New York Stock Exchange on June 28, 2024 for an initial offering price of $17. LandBridge stock is also featured in the IBD IPO Leaders list.
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