LandBridge (LB) Projected to Post Quarterly Earnings on Wednesday

LandBridge (NYSE:LB - Get Free Report) is expected to be issuing 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

NYSE LB traded up $3.74 during mid-day trading on Friday, hitting $78.69. The stock had a trading volume of 285,039 shares, compared to its average volume of 502,726. The company has a 50 day simple moving average of $69.78 and a 200 day simple moving average of $67.39. The company has a market cap of $5.76 billion and a price-to-earnings ratio of 22.10. LandBridge has a 52-week low of $18.75 and a 52-week high of $84.70. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60.

LandBridge Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Thursday, March 6th. LandBridge's dividend payout ratio (DPR) is 11.24%.

Analyst Upgrades and Downgrades

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

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.