Landbridge Company (LB) Shares Surge Amid Positive Earnings and Analyst Ratings

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Dec 03, 2024

Landbridge Company LLC (LB, Financial) experienced a significant stock price increase of 5.02%, reaching $76.47 per share. The trading volume was 164,791 shares, with a turnover rate of 0.95% and a price fluctuation of 7.10%.

Recent financial results reveal the company achieved a revenue of $28.49 million and a net profit of $2.56 million, resulting in earnings per share of $0.15. The gross profit stood at $25.32 million, while the price-to-earnings ratio was -28.48.

Among the seven institutions rating the stock, 57% recommended buying, and 43% suggested holding, with no sell recommendations. Within the oil and gas equipment and services industry, related stocks such as Ncs Multistage Holdings, Inc., Archrock, Inc., and Solaris Energy Infrastructure, Inc. also showed notable activity.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.