LandBridge (LB) Expected to Announce Quarterly Earnings on Wednesday

LandBridge (NYSE:LB) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

LandBridge (NYSE:LB) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.24). The company had revenue of $28.49 million for the quarter, compared to analyst estimates of $35.50 million. On average, analysts expect LandBridge to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

LandBridge Stock Performance

LB opened at $65.03 on Tuesday. The company has a fifty day moving average price of $68.07 and a two-hundred day moving average price of $53.02. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60. LandBridge has a 52 week low of $18.75 and a 52 week high of $84.70.

LandBridge Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Thursday, December 5th.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LB shares. Piper Sandler boosted their price objective on shares of LandBridge from $39.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. The Goldman Sachs Group reiterated a “buy” rating and issued a $71.00 price target on shares of LandBridge in a research note on Friday, January 3rd. Barclays increased their target price on shares of LandBridge from $38.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $25.00 price target on shares of LandBridge in a report on Tuesday, December 10th. Finally, Raymond James increased their price objective on shares of LandBridge from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, LandBridge presently has an average rating of “Moderate Buy” and a consensus target price of $53.33.

LandBridge Company Profile

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials.