LandBridge (LB) to Release Quarterly Earnings on Wednesday

LandBridge (NYSE:LBGet Free Report) is expected to announce its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.35 per share for the quarter.

LandBridge (NYSE:LBGet Free Report) last announced its earnings results 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 during 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 Down 0.2 %

LandBridge stock opened at $64.08 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $68.50 and a two-hundred day moving average of $51.98. LandBridge has a one year low of $18.75 and a one year high of $84.70.

LandBridge Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given 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.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LB. Barclays boosted 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. Raymond James boosted their price objective on shares of LandBridge from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday. The Goldman Sachs Group restated a “buy” rating and issued a $71.00 target price on shares of LandBridge in a research note on Friday, January 3rd. Royal Bank of Canada reissued an “underperform” rating and issued a $25.00 price objective on shares of LandBridge in a report on Tuesday, December 10th. Finally, Piper Sandler increased their price objective on LandBridge from $39.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, November 25th. One equities 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 company. Based on data from MarketBeat, LandBridge currently has a consensus rating of “Moderate Buy” and an average price target of $53.33.

Read Our Latest Stock Analysis on LB

About LandBridge

(Get Free Report)

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.

Further Reading

Earnings History for LandBridge (NYSE:LB)

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