LandBridge (LB) to Release Quarterly Earnings on Wednesday

LandBridge (NYSE:LB) will likely be issuing its quarterly earnings data 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:LB) last announced its earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.24). The company had revenue of $28.49 million for the quarter, compared to the consensus estimate 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 %

Shares of NYSE LB opened at $64.08 on Wednesday. The firm has a 50 day moving average of $68.50 and a 200 day moving average of $51.98. 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 12-month low of $18.75 and a 12-month high of $84.70.

LandBridge Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.62%. The ex-dividend date was Thursday, December 5th.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. 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 report on Friday, January 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $71.00 target price on shares of LandBridge in a report on Friday, January 3rd. Raymond James boosted their target price on shares of LandBridge from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday. 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 note on Monday, November 25th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $25.00 price target on shares of LandBridge in a research note on Tuesday, December 10th. One 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. According to MarketBeat.com, LandBridge currently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

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.