LandBridge (LB) Projected to Post Quarterly Earnings on Wednesday

LandBridge (NYSE:LB - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $43.11 million for the quarter.

LandBridge Price Performance

Shares of LB stock traded down $1.33 during trading on Monday, hitting $77.11. The company had a trading volume of 168,812 shares, compared to its average volume of 501,205. LandBridge has a 52 week low of $18.75 and a 52 week high of $84.70. The stock has a market capitalization of $5.64 billion and a price-to-earnings ratio of 21.65. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60. The stock's 50-day moving average is $69.78 and its two-hundred day moving average is $67.61.

LandBridge Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Thursday, March 6th. LandBridge's dividend payout ratio (DPR) is currently 11.24%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LB shares. Raymond James increased their target price on LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Wells Fargo & Company set a $82.00 price objective on LandBridge and gave the company an "overweight" rating in a report on Friday, March 7th. Barclays upped their target price on LandBridge from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Piper Sandler decreased their price target on shares of LandBridge from $79.00 to $70.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, The Goldman Sachs Group upped their price objective on shares of LandBridge from $73.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, March 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, LandBridge has an average rating of "Moderate Buy" and an average price target of $59.44.

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.