LandBridge (LB) to Release Quarterly Earnings on Wednesday

LandBridge (NYSE:LB - Get Free Report) will release its earnings data after the market closes on Wednesday, November 6th. Analysts expect LandBridge to post earnings of $0.31 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

LandBridge Stock Up 2.4 %

Shares of LandBridge stock traded up $1.29 during trading on Wednesday, hitting $55.13. 136,850 shares of the company's stock traded hands, compared to its average volume of 346,697. LandBridge has a 1 year low of $18.75 and a 1 year high of $57.41. The stock has a 50-day simple moving average of $42.81. The stock has a market cap of $4.03 billion and a PE ratio of 15.12.

Analysts Set New Price Targets

A number of brokerages have recently commented on LB. Janney Montgomery Scott started coverage on shares of LandBridge in a research note on Thursday, July 25th. They issued a "buy" rating and a $36.00 price target for the company. Pickering Energy Partners initiated coverage on LandBridge in a research note on Tuesday, July 23rd. They issued an "outperform" rating on the stock. Raymond James assumed coverage on LandBridge in a research report on Tuesday, July 23rd. They set an "outperform" rating and a $34.00 price objective for the company. Barclays raised their target price on LandBridge from $29.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company upped their price target on shares of LandBridge from $34.00 to $36.00 and gave the company an "overweight" rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, LandBridge has an average rating of "Moderate Buy" and an average price target of $36.57.

About LandBridge

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.