Waterbridge Infrastructure LLC Class A (WBI) has received a new Buy rating, initiated by Stifel Nicolaus analyst, Selman Akyol.
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Selman Akyol has given his Buy rating due to a combination of factors that highlight WaterBridge Infrastructure LLC’s strong market position and growth potential. The company operates primarily in the Delaware basin, a region known for its favorable economics and increasing water-to-oil ratios, which provides a robust foundation for its water disposal services. WBI benefits from long-term, inflation-adjusted contracts and acreage dedications, ensuring stable and predictable revenue streams.
Moreover, the company’s strategic partnerships, including its association with LandBridge, grant it a competitive edge in securing disposal capacity, crucial in areas with permitting challenges. WBI’s clientele consists of well-capitalized, reputable companies, which further supports its financial stability. The management team’s proven track record in the Permian and the backing of Five Point, a financial sponsor with extensive energy sector experience, bolster confidence in WBI’s continued growth and value creation.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WBI in relation to earlier this year.