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NYSE:TPL

Texas Pacific Land (TPL) Stock Forecast, Price & News

$1,303.70
-3.03 (-0.23%)
(As of 04:00 PM ET)
Compare
Today's Range
$1,287.50
$1,312.65
50-Day Range
$1,304.56
$1,804.18
52-Week Range
$1,275.86
$2,739.00
Volume
102,962 shs
Average Volume
42,474 shs
Market Capitalization
$10.03 billion
P/E Ratio
23.13
Dividend Yield
1.00%
Price Target
$1,378.00

Texas Pacific Land MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.0% Upside
$1,378.00 Price Target
Short Interest
Bearish
3.83% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.57mentions of Texas Pacific Land in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$23,049 Bought Last Quarter
Proj. Earnings Growth
25.56%
From $48.70 to $61.15 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

Oils/Energy Sector

191st out of 249 stocks

Oil Royalty Traders Industry

2nd out of 6 stocks


TPL stock logo

About Texas Pacific Land (NYSE:TPL) Stock

Texas Pacific Land Corp. operates as a landowner in the State of Texas. Its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of the firm's land, revenue for sales of materials used in the construction of infrastructure, providing sourced water and treated produced water, revenue from its oil and gas royalty interests, and revenues related to saltwater disposal on land. The firm also generates revenue from pipeline, power line and utility easements, commercial leases, material sales and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities. It operates through the Land and Resource Management and Water Services and Operations segment. The Land and Resource Management segment focuses on managing oil and gas royalty interest and surface. The Water Services and Operations segment refers to the full-service water offerings to operators in the Permian Basin through Texas Pacific Water Resources LLC, a single member Texas limited liability company owned by the company. The company was found

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TPL Stock News Headlines

Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
BWS Financial Keeps Their Buy Rating on Texas Pacific Land (TPL)
Q1 2023 Texas Pacific Land Corp Earnings Call
See More Headlines
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TPL Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 3/15 Dividend
3/07/2023
Dividend Payable
3/15/2023
Today
5/31/2023
Ex-Dividend for 6/15 Dividend
6/07/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Oil royalty traders
Sub-Industry
N/A
Employees
92
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$1,378.00
High Stock Price Forecast
$1,378.00
Low Stock Price Forecast
$1,378.00
Forecasted Upside/Downside
+4.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$446.36 million
Pretax Margin
83.25%

Debt

Sales & Book Value

Annual Sales
$667.42 million
Cash Flow
$59.85 per share
Book Value
$100.32 per share

Miscellaneous

Free Float
7,184,000
Market Cap
$10.10 billion
Optionable
Not Optionable
Beta
1.87

Social Links


Key Executives

  • Tyler GloverTyler Glover
    President, Chief Executive Officer & Director
  • Chris Steddum
    Chief Financial Officer
  • Micheal W. Dobbs
    Secretary, Senior VP & General Counsel
  • Jeremy Smith
    Vice President-Business Development
  • Stephanie D. Buffington
    Chief Accounting Officer













TPL Stock - Frequently Asked Questions

Should I buy or sell Texas Pacific Land stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Texas Pacific Land in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TPL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TPL, but not buy additional shares or sell existing shares.
View TPL analyst ratings
or view top-rated stocks.

What is Texas Pacific Land's stock price forecast for 2023?

1 analysts have issued 1-year price targets for Texas Pacific Land's shares. Their TPL share price forecasts range from $1,378.00 to $1,378.00. On average, they predict the company's stock price to reach $1,378.00 in the next twelve months. This suggests a possible upside of 4.9% from the stock's current price.
View analysts price targets for TPL
or view top-rated stocks among Wall Street analysts.

How have TPL shares performed in 2023?

Texas Pacific Land's stock was trading at $2,344.23 at the start of the year. Since then, TPL shares have decreased by 44.0% and is now trading at $1,313.15.
View the best growth stocks for 2023 here
.

When is Texas Pacific Land's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our TPL earnings forecast
.

How were Texas Pacific Land's earnings last quarter?

Texas Pacific Land Co. (NYSE:TPL) released its earnings results on Thursday, November, 4th. The financial services provider reported $10.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.83 by $1.99. The financial services provider had revenue of $123.69 million for the quarter, compared to analysts' expectations of $106.25 million. Texas Pacific Land had a net margin of 65.28% and a trailing twelve-month return on equity of 58.62%. During the same quarter in the previous year, the firm posted $5.97 earnings per share.

How often does Texas Pacific Land pay dividends? What is the dividend yield for Texas Pacific Land?

Texas Pacific Land declared a quarterly dividend on Tuesday, May 2nd. Investors of record on Thursday, June 8th will be paid a dividend of $3.25 per share on Thursday, June 15th. This represents a $13.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, June 7th.
Read our dividend analysis for TPL
.

Is Texas Pacific Land a good dividend stock?

Texas Pacific Land (NYSE:TPL) pays an annual dividend of $13.00 per share and currently has a dividend yield of 0.99%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPL will have a dividend payout ratio of 21.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TPL.

What other stocks do shareholders of Texas Pacific Land own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Texas Pacific Land investors own include NVIDIA (NVDA), Walt Disney (DIS), Adobe (ADBE), Mastercard (MA), QUALCOMM (QCOM), Visa (V), Alibaba Group (BABA), Costco Wholesale (COST), Salesforce (CRM) and Johnson & Johnson (JNJ).

What is Texas Pacific Land's stock symbol?

Texas Pacific Land trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPL."

Who are Texas Pacific Land's major shareholders?

Texas Pacific Land's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.91%), State Street Corp (2.61%), First Manhattan CO. LLC. (1.87%), Geode Capital Management LLC (1.32%), Schwartz Investment Counsel Inc. (0.85%) and Mad River Investors (0.56%). Insiders that own company stock include Dana F Mcginnis, Kinetics Asset Managem Horizon, Murray Stahl and Tyler Glover.
View institutional ownership trends
.

How do I buy shares of Texas Pacific Land?

Shares of TPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Texas Pacific Land's stock price today?

One share of TPL stock can currently be purchased for approximately $1,313.15.

How much money does Texas Pacific Land make?

Texas Pacific Land (NYSE:TPL) has a market capitalization of $10.10 billion and generates $667.42 million in revenue each year. The financial services provider earns $446.36 million in net income (profit) each year or $56.37 on an earnings per share basis.

How can I contact Texas Pacific Land?

Texas Pacific Land's mailing address is 1700 PACIFIC AVENUE SUITE 2900, DALLAS TX, 75201. The official website for the company is www.tpltrust.com. The financial services provider can be reached via phone at (214) 969-5530 or via fax at 214-969-5530.

This page (NYSE:TPL) was last updated on 5/31/2023 by MarketBeat.com Staff

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