LandBridge (LB) Projected to Post Quarterly Earnings on Wednesday

LandBridge (NYSE:LB) is projected to announce its earnings results after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $38.27 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

LandBridge Stock Down 7.4 %

LandBridge stock opened at $64.05 on Tuesday. LandBridge has a fifty-two week low of $18.75 and a fifty-two week high of $84.70. The firm has a market capitalization of $4.69 billion and a PE ratio of 17.99. The company’s 50-day moving average is $69.03 and its 200-day moving average is $57.98. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73.

LandBridge Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.62%. LandBridge’s dividend payout ratio (DPR) is currently 11.24%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LB. Raymond James upped their price target on shares of LandBridge from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Barclays boosted their price objective on shares of LandBridge from $38.00 to $79.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Piper Sandler boosted their price objective on shares of LandBridge from $39.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, November 25th. The Goldman Sachs Group reissued a “buy” rating and issued a $71.00 price objective on shares of LandBridge in a report on Friday, January 3rd. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.