LandBridge (LB) Projected to Post Quarterly Earnings on Wednesday

LandBridge (NYSE:LB) is expected to be releasing its earnings data 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

LandBridge Price Performance

Shares of LB opened at $60.98 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.73 and a current ratio of 0.73. The firm’s 50-day moving average is $68.38 and its two-hundred day moving average is $57.29. LandBridge has a twelve month low of $18.75 and a twelve month high of $84.70.

LandBridge Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.40 annualized dividend and a yield of 0.66%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LB. Royal Bank of Canada restated an “underperform” rating and set a $25.00 target price on shares of LandBridge in a research report on Tuesday, December 10th. Barclays upped 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 upped their target price 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. 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. Finally, 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 report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.