Why These Energy Stocks are Gaining This Week

5. LandBridge Company LLC (NYSE:LB)

Share Price Gains Between Oct. 10 and Oct. 17: 10.6%

LandBridge Company LLC (NYSE:LB) owns and actively manages land and resources to support and encourage oil and natural gas development and other critical land uses.

LandBridge Company LLC (NYSE:LB) was among the energy stocks that crashed earlier this month following a sharp decline in global crude prices, primarily due to the escalating trade tensions between Washington and Beijing. However, the situation has somewhat cooled down after President Trump softened his stance that the excess import taxes threatened on Chinese imports were unsustainable.

So the recent rebound in share price could be due to investors flocking in to purchase the stock at a lower, more attractive price.

However, it should be mentioned here that on October 14, Barclays lowered LandBridge Company LLC (NYSE:LB)’s price target from $66 to $57 while keeping an ‘Equal Weight’ rating on its shares. The update comes as part of the analyst firm’s Q3 earnings preview for the midstream and refining group. According to the analyst, while liquids-exposed companies could face further downside, the gas-focused operators ‘remain relatively resilient’.