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NYSE:TPL

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

$1,783.03
+34.10 (+1.95%)
(As of 10/3/2023 ET)
Compare
Today's Range
$1,737.29
$1,787.37
50-Day Range
$1,465.30
$1,949.64
52-Week Range
$1,266.21
$2,739.00
Volume
33,708 shs
Average Volume
36,987 shs
Market Capitalization
$13.69 billion
P/E Ratio
32.99
Dividend Yield
0.73%
Price Target
$1,622.00

Texas Pacific Land MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.0% Downside
$1,622.00 Price Target
Short Interest
Healthy
3.71% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.34mentions of Texas Pacific Land in the last 14 days
Based on 5 Articles This Week
Insider Trading
Balanced
Insiders Both Buying and Selling
Proj. Earnings Growth
43.57%
From $49.83 to $71.54 Per Share

Overall MarketRank

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

2.19 out of 5 stars

Oils/Energy Sector

138th out of 241 stocks

Oil Royalty Traders Industry

1st out of 5 stocks


TPL stock logo

About Texas Pacific Land (NYSE:TPL) Stock

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company's Land and Resource Management segment manages surface acres of land. This segment also holds own a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres located in the western part of Texas. In addition, this segment engages in easements and commercial leases activities, such as oil, gas and related hydrocarbons, power line and utility easements, and subsurface wellbore easements. Further, this segment leases its land for processing, storage, and compression facilities and roads; and is involved in sale of materials, such as caliche. Its Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water gathering/treatment, infrastructure development, and disposal solutions to operators in the Permian Basin. This segment also holds royalties for water sourced from its land. Texas Pacific Land Corporation was founded in 1888 and is headquartered in Dallas, Texas.

TPL Price History

TPL Stock News Headlines

Texas Pacific Land's Management Issues Coming To An End
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“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project… What happens next will shock you…”
Director Murray Stahl Buys Shares of Texas Pacific Land Corp
The Bull Case For Texas Pacific Land
BREAKING: The truth about war with China
Foreign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.
GF Score Analysis: Texas Pacific Land Corp (TPL)
Texas Pacific Land Corp (TPL)
25 Biggest Land Owners in the US
5 Best Land and Timber Stocks To Buy
See More Headlines
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TPL Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
10/03/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Oil royalty traders
Sub-Industry
N/A
Employees
99
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$1,622.00
High Stock Price Forecast
$1,622.00
Low Stock Price Forecast
$1,622.00
Forecasted Upside/Downside
-9.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$446.36 million
Pretax Margin
81.38%

Debt

Sales & Book Value

Annual Sales
$667.42 million
Cash Flow
$58.59 per share
Book Value
$100.32 per share

Miscellaneous

Free Float
7,171,000
Market Cap
$13.69 billion
Optionable
Not Optionable
Beta
1.76

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Key Executives

  • Mr. Tyler GloverMr. Tyler Glover (Age 38)
    Pres, CEO & Trustee
    Comp: $2.52M
  • Mr. Chris Steddum (Age 42)
    Chief Financial Officer
    Comp: $1.24M
  • Mr. Micheal W. DobbsMr. Micheal W. Dobbs (Age 49)
    Sr. VP, Sec. & Gen. Counsel
    Comp: $943k
  • Ms. Stephanie D. Buffington (Age 56)
    Chief Accounting Officer
  • Shawn Amini
    VP of Fin. & Investor Relations
  • Mr. Robert A. Crain (Age 43)
    Exec. VP of Texas Pacific Water Resources LLC













TPL Stock - Frequently Asked Questions

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

1 Wall Street 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 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 brokerages have issued 12 month price objectives for Texas Pacific Land's stock. Their TPL share price forecasts range from $1,622.00 to $1,622.00. On average, they predict the company's share price to reach $1,622.00 in the next year. This suggests that the stock has a possible downside of 9.0%.
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 beginning of the year. Since then, TPL shares have decreased by 23.9% and is now trading at $1,783.03.
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, November 1st 2023.
View our TPL earnings forecast
.

How were Texas Pacific Land's earnings last quarter?

Texas Pacific Land Co. (NYSE:TPL) issued its quarterly earnings results on Wednesday, August, 2nd. The financial services provider reported $13.05 earnings per share for the quarter, topping the consensus estimate of $11.11 by $1.94. The financial services provider earned $160.61 million during the quarter, compared to analysts' expectations of $143.24 million. Texas Pacific Land had a trailing twelve-month return on equity of 51.89% and a net margin of 64.00%.

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, August 1st. Investors of record on Friday, September 1st will be paid a dividend of $3.25 per share on Friday, September 15th. This represents a $13.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, August 31st.
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 0.71%. 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 24.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPL will have a dividend payout ratio of 18.17% 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."

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 $1,783.03.

How much money does Texas Pacific Land make?

Texas Pacific Land (NYSE:TPL) has a market capitalization of $13.69 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 $54.05 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, via email at ir@texaspacific.com, or via fax at 214-969-5530.

This page (NYSE:TPL) was last updated on 10/3/2023 by MarketBeat.com Staff

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