NYSE:TPL

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

$1,823.56

-67.90 (-3.59%)

(As of 09/29/2023 ET)

Compare

Today's Range: $1,823.56
▼
$1,904.00
50-Day Range: $1,465.30
▼
$1,949.64
52-Week Range: $1,266.21
▼
$2,739.00

Volume: 49,810 shs
Average Volume: 34,073 shs
Market Capitalization: $14.00 billion

P/E Ratio: 33.74
Dividend Yield: 0.71%
Price Target: $1,622.00

Texas Pacific Land MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 11.1% 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: 1.25
Based on 6 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.

2.18 out of 5 stars

Oils/Energy Sector

135th out of 243 stocks

Oil Royalty Traders Industry

2nd out of 4 stocks

1.0

Analyst's Opinion

Consensus Rating
Texas Pacific Land has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1,622.00, Texas Pacific Land has a forecasted downside of 11.1% from its current price of $1,823.56.
Amount of Analyst Coverage
Texas Pacific Land has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.71% of the float of Texas Pacific Land has been sold short.
Short Interest Ratio / Days to Cover
Texas Pacific Land has a short interest ratio ("days to cover") of 9.7.
Change versus previous month
Short interest in Texas Pacific Land has recently decreased by 11.28%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Texas Pacific Land has a dividend yield of 0.70%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Texas Pacific Land has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Texas Pacific Land is 24.05%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Texas Pacific Land will have a dividend payout ratio of 18.17% next year. This indicates that Texas Pacific Land will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TPL.

3.5

News and Social Media Coverage

News Sentiment
Texas Pacific Land has a news sentiment score of 1.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Texas Pacific Land this week, compared to 3 articles on an average week.
Search Interest
Only 12 people have searched for TPL on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
MarketBeat Follows
93 people have added Texas Pacific Land to their MarketBeat watchlist in the last 30 days. This is an increase of 3,000% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Texas Pacific Land insiders have sold just slightly more of their company's stock than they have bought. Specifically, they have bought $183,611.00 in company stock and sold $185,177.00 in company stock. It is common for insiders to sell company stock at intervals simply to diversify their holdings.
Percentage Held by Insiders
Only 6.60% of the stock of Texas Pacific Land is held by insiders.
Percentage Held by Institutions
60.40% of the stock of Texas Pacific Land is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Texas Pacific Land are expected to grow by 43.57% in the coming year, from $49.83 to $71.54 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Texas Pacific Land is 33.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.84.
Price to Earnings Ratio vs. Sector
The P/E ratio of Texas Pacific Land is 33.74, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 14.50.
Price to Book Value per Share Ratio
Texas Pacific Land has a P/B Ratio of 18.18. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

TPL Stock News Headlines

September 22, 2023 | seekingalpha.com

Texas Pacific Land's Management Issues Coming To An End

September 15, 2023 | finance.yahoo.com

Director Murray Stahl Buys 20 Shares of Texas Pacific Land Corp

September 30, 2023 | Tradewins (Ad)

The Safest Option in Trades!

If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!

September 14, 2023 | finance.yahoo.com

Director Murray Stahl Buys Shares of Texas Pacific Land Corp

September 13, 2023 | finance.yahoo.com

Why Texas Pacific Land Corp's Stock Skyrocketed 32% in a Quarter: A Deep Dive

September 6, 2023 | benzinga.com

The Bull Case For Texas Pacific Land

August 15, 2023 | finance.yahoo.com

Murray Stahl's Q2 2023 13F Filing Update: Key Trades and Portfolio Overview

August 5, 2023 | finance.yahoo.com

Texas Pacific Land Corporation (NYSE:TPL) Q2 2023 Earnings Call Transcript

September 30, 2023 | Tradewins (Ad)

The Safest Option in Trades!

August 3, 2023 | uk.news.yahoo.com

Texas Pacific (TPL) Surpasses Q2 Earnings and Revenue Estimates

August 2, 2023 | finance.yahoo.com

Texas Pacific Land Corporation Announces Second Quarter 2023 Results

August 1, 2023 | finance.yahoo.com

Texas Pacific Land Corporation (NYSE:TPL) is a favorite amongst institutional investors who own 62%

August 1, 2023 | finance.yahoo.com

Texas Pacific Land Corporation Announces Board Refreshment

July 24, 2023 | finance.yahoo.com

GF Score Analysis: Texas Pacific Land Corp (TPL)

July 20, 2023 | finance.yahoo.com

Here’s Why Texas Pacific Land Corporation (TPL) Detracted in Q2

July 15, 2023 | investing.com

Texas Pacific Land Corp (TPL)

July 13, 2023 | thestreet.com

Texas Pacific Land Trust (TPL): Today's Featured Real Estate Winner

July 13, 2023 | msn.com

Texas Pacific Land: Almost Like A Permian Basin ETF

July 11, 2023 | finance.yahoo.com

Texas Pacific Land Corporation Sets Dates for Second Quarter 2023 Earnings Release and Conference Call

July 3, 2023 | seekingalpha.com

Texas Pacific Land: Sneaking Back Into The Bargain Bin

July 2, 2023 | finance.yahoo.com

Here's Why Texas Pacific Land (NYSE:TPL) Has Caught The Eye Of Investors

June 13, 2023 | finance.yahoo.com

25 Biggest Land Owners in the US

June 6, 2023 | msn.com

Texas Pacific Land goes ex dividend tomorrow

June 2, 2023 | insidermonkey.com

5 Best Land and Timber Stocks To Buy

June 1, 2023 | finance.yahoo.com

What Makes Texas Pacific Land Corporation (TPL) an Attractive Investment?

May 30, 2023 | seekingalpha.com

There And Back Again: A Texas Pacific Bubble Story

May 23, 2023 | msn.com

A Boring Look At Texas Pacific Land Litigation Against Horizon Kinetics

See More Headlines

Receive TPL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Texas Pacific Land and its competitors with MarketBeat's FREE daily newsletter.

TPL Company Calendar

Last Earnings: 8/02/2023
Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Oil royalty traders
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:TPL
CUSIP: N/A
CIK: 97517
Web: www.tpltrust.com
Phone: (214) 969-5530
Fax: 214-969-5530
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: -11.1%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $54.05
Trailing P/E Ratio: 33.74
Forward P/E Ratio: 36.60
P/E Growth: N/A
Net Income: $446.36 million
Net Margins: 64.00%
Pretax Margin: 81.38%
Return on Equity: 51.89%
Return on Assets: 45.49%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 25.23
Quick Ratio: 25.23

Sales & Book Value

Annual Sales: $667.42 million
Price / Sales: 20.98
Cash Flow: $58.43 per share
Price / Cash Flow: 31.21
Book Value: $100.32 per share
Price / Book: 18.18

Miscellaneous

Outstanding Shares: 7,680,000
Free Float: 7,171,000
Market Cap: $14.00 billion
Optionable: Not Optionable
Beta: 1.77

Social Links

Elon Musk's Next Move

Wondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

Key Executives

Mr. Tyler Glover (Age 38)
Pres, CEO & Trustee
Comp: $2.52M

Mr. Chris Steddum (Age 42)
Chief Financial Officer
Comp: $1.24M

Mr. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 year. 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 brokers have issued twelve-month target prices for Texas Pacific Land's shares. 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 11.1%.
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 2023. Since then, TPL shares have decreased by 22.2% and is now trading at $1,823.56.
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) released its earnings results on Wednesday, August, 2nd. The financial services provider reported $13.05 earnings per share for the quarter, beating analysts' consensus estimates of $11.11 by $1.94. The financial services provider had revenue of $160.61 million for 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 announced a quarterly dividend on Tuesday, August 1st. Stockholders 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 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for TPL.

What ETFs hold Texas Pacific Land's stock?: ETFs with the largest weight of Texas Pacific Land (NYSE:TPL) stock in their portfolio include Horizon Kinetics Inflation Beneficiaries ETF (INFL), Formidable Fortress ETF (KONG), Invesco Dorsey Wright Energy Momentum ETF (PXI), Horizon Kinetics Energy and Remediation ETF (NVIR), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Amplify Inflation Fighter ETF (IWIN), Global X Guru Index ETF (GURU) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO).
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 0.70%. 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 $1,823.56.
How much money does Texas Pacific Land make?: Texas Pacific Land (NYSE:TPL) has a market capitalization of $14.00 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 9/30/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial