LandBridge (NYSE:LB – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect LandBridge to post earnings of $0.31 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
LandBridge Stock Performance
Shares of NYSE:LB opened at $53.84 on Wednesday. The firm’s 50 day moving average is $42.47. LandBridge has a 12-month low of $18.75 and a 12-month high of $57.41. The stock has a market capitalization of $3.94 billion and a PE ratio of 15.12.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Johnson Rice initiated coverage on shares of LandBridge in a report on Wednesday, July 24th. They set a “buy” rating and a $35.00 price objective on the stock. Raymond James initiated coverage on shares of LandBridge in a report on Tuesday, July 23rd. They set an “outperform” rating and a $34.00 price target on the stock. Janney Montgomery Scott initiated coverage on shares of LandBridge in a research note on Thursday, July 25th. They issued a “buy” rating and a $36.00 price objective for the company. Wells Fargo & Company boosted their target price on LandBridge from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, Barclays increased their price target on LandBridge from $29.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, LandBridge presently has an average rating of “Moderate Buy” and a consensus target price of $36.57.
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.
Read More
- Five stocks we like better than LandBridge
- 3 REITs to Buy and Hold for the Long Term
- Is McDonald’s Stock a Smart Buy After Sell-Off and Earnings?
- What Are Growth Stocks and Investing in Them
- QuantumScape: Solid State EV Batteries Nearing Commercialization
- Stock Splits, Do They Really Impact Investors?
- MicroStrategy: Is This Bitcoin-Powered Stock a Buy or a Gamble?
Receive News & Ratings for LandBridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LandBridge and related companies with MarketBeat.com's FREE daily email newsletter.
