LandBridge (LB) Projected to Post Quarterly Earnings on Wednesday

LandBridge (NYSE:LB) is anticipated to announce its earnings results after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $38.27 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

LandBridge Trading Down 7.4 %

Shares of NYSE LB opened at $64.05 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73. LandBridge has a 52-week low of $18.75 and a 52-week high of $84.70. The firm has a 50 day moving average price of $69.03 and a two-hundred day moving average price of $57.98. The stock has a market cap of $4.69 billion and a P/E ratio of 17.99.

LandBridge Dividend Announcement

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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, March 6th. LandBridge’s dividend payout ratio (DPR) is currently 11.24%.

Analyst Ratings Changes

Several equities analysts have issued reports on LB shares. Piper Sandler upped their price target 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. Barclays increased their price objective 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. The Goldman Sachs Group reiterated a “buy” rating and set a $71.00 price objective on shares of LandBridge in a research report on Friday, January 3rd. Raymond James increased their price objective on shares of LandBridge from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $25.00 price objective on shares of LandBridge in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.