LandBridge (NYSE:LB - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Wednesday, March 5th. Analysts expect LandBridge to post earnings of $0.35 per share and revenue of $38.27 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.
LandBridge Price Performance
LB traded up $4.75 during trading on Friday, reaching $69.64. 706,822 shares of the company were exchanged, compared to its average volume of 478,177. The company's 50-day moving average is $69.03 and its two-hundred day moving average is $57.64. The company has a market cap of $5.09 billion and a price-to-earnings ratio of 19.56. 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 12-month low of $18.75 and a 12-month high of $84.70.
LandBridge Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.57%. LandBridge's payout ratio is currently 11.24%.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Piper Sandler raised their price target on LandBridge from $39.00 to $79.00 and gave the company a "neutral" rating in a report on Monday, November 25th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $71.00 price target on shares of LandBridge in a report on Friday, January 3rd. Barclays raised their price target on LandBridge from $38.00 to $79.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $25.00 price target on shares of LandBridge in a report on Tuesday, December 10th. Finally, Raymond James raised their price target on LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, LandBridge has a consensus rating of "Moderate Buy" and a consensus target price of $53.33.
Check Out Our Latest Stock Report on LB
About LandBridge
(
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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.
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