LandBridge's Dual Strategy: Tapping 'Delaware Basin Today, Tech Play Tomorrow'
LandBridge's Dual Strategy: Tapping 'Delaware Basin Today, Tech Play Tomorrow'
LandBridge's New Mexico-Texas Stateline acreage is poised to "capture continued Permian Basin growth, notably for produced water disposal," Mackay said in a note. LandBridge Co LLC (NYSE:LB) shares tanked in early trading on Tuesday and have been volatile since then, after the company's IPO last month.
LandBridge Co LLC (紐交所: LB) 上個月 IPO 後，在週二早盤股價大幅下跌，並在隨後的時間內波動不定。
Here are some key analyst takeaways from their initial coverage.
以下是分析師在其最初覆蓋時的一些關鍵觀點。
Goldman Sachs On LandBridge
高盛關於 LandBridge 的報告
Analyst John Mackay initiated coverage with a Buy rating and price target of $35.
分析師 John Mackay 給予買入評級並設定價格目標爲 35 美元。
LandBridge's New Mexico-Texas Stateline acreage is poised to "capture continued Permian Basin growth, notably for produced water disposal," Mackay said in a note.
麥凱在一條消息中表示，蘭德橋的新墨西哥-德克薩斯州邊界地塊準備好了，"可以吸收持續的佩爾米恩盆地增長，尤其是用於處理產生的廢水。"
The company has a unique business model with minimal requirements for operating and capital expenditure, which allows high free cash flow conversion, he added.
他補充道，該公司擁有獨特的業務模式，對於營運和資本支出的需求極少，這允許高自由現金流轉換。
LandBridge has "material upside opportunities on its acreage beyond servicing traditional oil and gas demand, particularly data centers and solar farms," the analyst wrote.
分析師寫道，LandBridge 在其土地面積上具有 "在傳統石油和天然氣需求服務之外的顯著增長機會，尤其是數據中心和太陽能農場方面的機會。"
There are catalysts over the next few months, "including potential upside to produced water market share growth, more formal details around data center LOI announcements, and the possibility of a dividend payment given the company's noted intention per its most recent S-1 filing," he further stated.
他進一步表示，未來幾個月的催化劑包括潛在的生產水市場份額增長，數據中心LOI公告的更多詳細信息，以及公司根據其最近的S-1備案所表明意向的股息支付可能性。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
Piper Sandler On LandBridge
派傑投資關於 LandBridge 的報告
Analyst Mark Lear began coverage with a Neutral rating and price target of $30.
分析師 Mark Lear 給予中立評級並設定價格目標爲 30 美元。
LandBridge has a "capital light" business model, with a substantial net mineral acre position in the Delaware Basin, which has been among the strongest domestic oil and natural gas production regions over the past decade, Lear said in a note titled "Delaware Basin Today, Data Center Play Tomorrow."
Lear 在題爲"Delaware Basin Today, Data Center Play Tomorrow."的報告中說，LandBridge 擁有"資本輕型"的業務模式，在特拉華盆地擁有大量的淨礦產面積，該盆地是過去十年中最強勁的國內石油和天然氣生產地區之一。
The company is riding the data center wave, with potential in West Texas from tighter Federal regulations on flaring excess gas, which allows for cheaper power generation, the analyst stated.
該分析師表示，該公司正在沿着數據中心浪潮前行，從聯邦對過度使用燃料幣引發的更嚴格監管中尋求機會，這使得其進行更廉價的電力生產成爲可能。
"Just prior to the IPO, LB finalized an agreement with Five Point to lease ~2,000 acres to build the initial data center and associated support infrastructure, that ultimately has the potential to generate $30m-40m of annual FCF," he further wrote.
他在報告中進一步寫道，"就在 IPO 前不久，LB 與 Five Point 最終達成了一項協議，租賃了約 2,000 英畝的土地，用來建造最初的數據中心和相關輔助基礎設施，這最終有可能產生 30 至 40 百萬美元的年自由現金流。"
LB Price Action: Shares of LandBridge had declined by 2.20% to $28.85 at the time of publication on Tuesday.
LB 的股票價格出版時已經下跌了 2.20%，爲 28.85 美元。
Photo: Shutterstock
Photo: shutterstock