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Stock impact report

LandBridge Company (LB) Fell by Over 27% This Week. Here is Why [Yahoo! Finance]

LandBridge Company LLC Class A Shares Representing Limited Liability Company Interests (LB) 
NASDAQ:AMEX Investor Relations: investors.lb.com
Company Research Source: Yahoo! Finance
LandBridge Company (LB) Fell by Over 27% This Week. Here is Why LandBridge Company LLC (NYSE:LB) actively manages its land and resources to support and encourage oil and natural gas development and other critical land uses. LandBridge Company LLC (NYSE:LB) fell after announcing mixed results for Q3 on November 12, with the company's earnings of $0.24 per share falling below estimates by $0.27. However, revenue grew by over 78% YoY to almost $51 million, topping forecasts. Adjusted EBITDA also jumped by 79% YoY, boosted by surface and royalty earnings following the latest land purchase. Following the Q3 report, Janney Montgomery Scott downgraded LandBridge Company LLC (NYSE:LB) from ‘Buy' to ‘Neutral', while increasing its fair value estimate from $63 to $74. LandBridge Company LLC (NYSE:LB) also took a hit on November 14 when the company launched an underwritten public offering of 2.5 million Class A shares at $71 per share. Moreover, the underwriters were granted a 30-day op Show less Read more
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