LandBridge (LB) to Release Earnings on Wednesday

LandBridge (NYSE:LB) is set to 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 participating in the company’s conference call can do so using this link.

LandBridge Stock Performance

Shares of LandBridge stock opened at $53.84 on Wednesday. The stock’s 50-day simple moving average is $42.47. LandBridge has a 1-year low of $18.75 and a 1-year high of $57.41. The firm has a market cap of $3.94 billion and a P/E ratio of 15.12.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays lifted their target price on LandBridge from $29.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Pickering Energy Partners initiated coverage on shares of LandBridge in a research note on Tuesday, July 23rd. They issued an “outperform” rating for the company. Janney Montgomery Scott initiated coverage on shares of LandBridge in a research note on Thursday, July 25th. They set a “buy” rating and a $36.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of LandBridge from $34.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Finally, The Goldman Sachs Group increased their price objective on shares of LandBridge from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.