LandBridge (LB) Expected to Announce Quarterly Earnings on Wednesday

LandBridge (NYSE:LB - Get Free Report) is expected to release its earnings data before the market opens on Wednesday, February 5th. Analysts expect LandBridge to post earnings of $0.35 per share for the quarter.

LandBridge (NYSE:LB - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.24). The company had revenue of $28.49 million for the quarter, compared to analysts' expectations 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

NYSE LB traded down $0.60 during trading on Friday, hitting $64.62. 789,612 shares of the company traded hands, compared to its average volume of 744,315. LandBridge has a 12 month low of $18.75 and a 12 month high of $84.70. The business has a fifty day simple moving average of $68.50 and a 200 day simple moving average of $52.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73.

LandBridge Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LB. Royal Bank of Canada restated an "underperform" rating and issued a $25.00 price objective on shares of LandBridge in a research note on Tuesday, December 10th. Barclays lifted their price objective on LandBridge from $38.00 to $79.00 and gave the stock an "equal weight" rating in a research note on Friday, January 17th. Piper Sandler raised their target price on LandBridge from $39.00 to $79.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Raymond James increased their price objective on LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $71.00 target price on shares of LandBridge in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.