LandBridge's Dual Strategy: Tapping 'Delaware Basin Today, Tech Play Tomorrow'
LandBridge's Dual Strategy: Tapping 'Delaware Basin Today, Tech Play Tomorrow'
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 (纽交所: LB) 上个月 IPO 后，在周二早盘股价大幅下跌，并在随后的时间内波动不定。
Here are some key analyst takeaways from their initial coverage.
以下是分析师在其最初覆盖时的一些关键观点。
Goldman Sachs On LandBridge
高盛关于 LandBridge 的报告
Analyst John Mackay initiated coverage with a Buy rating and price target of $35.
分析师 John Mackay 给予买入评级并设定价格目标为 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.
Mackay 在该报告中称，LandBridge 的新墨西哥-德克萨斯州边界的土地面积有望 "抓住Permian盆地的持续增长，尤其是产生的废水处理方面。"
The company has a unique business model with minimal requirements for operating and capital expenditure, which allows high free cash flow conversion, he added.
他补充道，该公司拥有独特的业务模式，对于营运和资本支出的需求极少，这允许高自由现金流转换。
LandBridge has "material upside opportunities on its acreage beyond servicing traditional oil and gas demand, particularly data centers and solar farms," the analyst wrote.
分析师写道，LandBridge 在其土地面积上具有 "在传统石油和天然气需求服务之外的显著增长机会，尤其是数据中心和太阳能农场方面的机会。"
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.
他进一步指出，未来几个月将有一些推动力，"包括潜在的增产废水市场份额增长，更多关于数据中心LOI公告的详细信息以及可能支付股息的可能性，这是对公司最近提交的 S-1 申请表中所述意图的一种反映。"
Check out other analyst stock ratings.
查看其他分析师的股票评级。
Piper Sandler On LandBridge
派杰投资关于 LandBridge 的报告
Analyst Mark Lear began coverage with a Neutral rating and price target of $30.
分析师 Mark Lear 给予中立评级并设定价格目标为 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 在题为"Delaware Basin Today, Data Center Play Tomorrow."的报告中说，LandBridge 拥有"资本轻型"的业务模式，在特拉华盆地拥有大量的净矿产面积，该盆地是过去十年中最强劲的国内石油和天然气生产地区之一。
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.
该分析师表示，该公司正在沿着数据中心浪潮前行，从联邦对过度使用燃料币引发的更严格监管中寻求机会，这使得其进行更廉价的电力生产成为可能。
"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.
他在报告中进一步写道，"就在 IPO 前不久，LB 与 Five Point 最终达成了一项协议，租赁了约 2,000 英亩的土地，用来建造最初的数据中心和相关辅助基础设施，这最终有可能产生 30 至 40 百万美元的年自由现金流。"
LB Price Action: Shares of LandBridge had declined by 2.20% to $28.85 at the time of publication on Tuesday.
LB 的股票价格出版时已经下跌了 2.20%，为 28.85 美元。
Photo: Shutterstock
Photo: shutterstock