NYSE:TPL

Texas Pacific Land - TPL Stock Forecast, Price & News

$1,777.23

-0.47 (-0.03%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $1,752.26
▼
$1,800.00
50-Day Range: $1,626.85
▼
$1,888.01
52-Week Range: $946.29
▼
$1,899.01

Volume: 26,389 shs
Average Volume: 31,497 shs
Market Capitalization: $13.72 billion

P/E Ratio: 36.24
Dividend Yield: 0.68%
Price Target: N/A

Texas Pacific Land MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
3.73% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.64
Based on 6 Articles This Week
Insider Trading: Acquiring Shares
$171,634 Bought Last Quarter
Proj. Earnings Growth: -0.61%
From $55.57 to $55.23 Per Share

Overall MarketRank^™

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

1.97 out of 5 stars

Oils/Energy Sector

176th out of 258 stocks

Oil Royalty Traders Industry

1st out of 1 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Texas Pacific Land.

2.0

Short Interest

Percentage of Shares Shorted
3.73% 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 7.6.
Change versus previous month
Short interest in Texas Pacific Land has recently increased by 10.82%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Texas Pacific Land has a dividend yield of 0.68%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Texas Pacific Land has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Texas Pacific Land is 24.47%. 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 21.73% 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.

3.1

News and Social Media Coverage

News Sentiment
Texas Pacific Land has a news sentiment score of 0.64. 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 0.43 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 1 article on an average week.
Search Interest
8 people have searched for TPL on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Texas Pacific Land to their MarketBeat watchlist in the last 30 days. This is a decrease of -64% 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 bought more of their company's stock than they have sold. Specifically, they have bought $171,634.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.80% of the stock of Texas Pacific Land is held by insiders.
Percentage Held by Institutions
57.62% 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Texas Pacific Land are expected to decrease by -0.61% in the coming year, from $55.57 to $55.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Texas Pacific Land is 36.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Texas Pacific Land is 36.24, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 41.10.

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 approximately 880,000 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, disposal solutions, water tracking, analytics, and well testing services 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.

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TPL Stock News Headlines

September 30, 2022 | finance.yahoo.com

Will Texas Pacific Land Corporation (TPL) Continue to Grow at a Rapid Pace?

September 27, 2022 | finance.yahoo.com

RiverPark Fund’s Top Q2 Performer: Texas Pacific Land (TPL)

September 26, 2022 | reuters.com

Texas Pacific Land Corp

September 19, 2022 | seekingalpha.com

Texas Pacific Land: The Stock Will Do Fine

September 14, 2022 | finance.yahoo.com

Texas Pacific Land Corporation's (NYSE:TPL) institutional investors lost 5.8% over the past week but have profited from longer-term gains

September 13, 2022 | fool.com

Texas Pacific Land Corporation (NYSE: TPL)

September 10, 2022 | morningstar.com

Texas Pacific Land Corporation and WaterBridge NDB LLC Form Delaware Basin Water Development and Sustainability Alliance | Morningstar

August 31, 2022 | nasdaq.com

If EPS Growth Is Important To You, Texas Pacific Land (NYSE:TPL) Presents An Opportunity

August 16, 2022 | finance.yahoo.com

Does Texas Pacific Land (NYSE:TPL) Deserve A Spot On Your Watchlist?

August 7, 2022 | nasdaq.com

Texas Pacific Land Corporation (NYSE:TPL) Shares Could Be 23% Below Their Intrinsic Value Estimate

August 4, 2022 | seekingalpha.com

Texas Pacific Land Corporation (TPL) CEO Tyler Glover on Q2 2022 Results - Earnings Call Transcript

August 2, 2022 | finance.yahoo.com

Bullish Texas Pacific Land Corporation (NYSE:TPL) insiders filled their treasuries with US$1.7m worth of stock over last year

July 25, 2022 | nasdaq.com

Bull of the Day: Texas Pacific Land (TPL)

July 19, 2022 | morningstar.com

Texas Pacific Land Corp - Stock Trailing Returns TPL

July 19, 2022 | finance.yahoo.com

Here’s Why You Should Definitely Consider Buying TPL Shares

July 13, 2022 | finance.yahoo.com

Texas Pacific Land Corporation Sets Dates for Second Quarter 2022 Earnings Release and Conference Call

July 3, 2022 | finance.yahoo.com

Texas Pacific Land Corporation's (NYSE:TPL) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

June 21, 2022 | seekingalpha.com

Aris Water Solutions: Loving That Dirty Water

June 8, 2022 | bizjournals.com

Texas Pacific Land Corporation announces partnership for bitcoin mining venture in West Texas

June 6, 2022 | seekingalpha.com

Horizon Kinetics - Texas Pacific Land Corp: A Strategic Alliance With Cryptocurrency Mining Companies

June 2, 2022 | seekingalpha.com

Texas Pacific Land, Milestone Carbon to team on carbon sequestration study

June 1, 2022 | marketwatch.com

Texas Pacific Land Corp., Milestone Carbon Partner For Carbon Sequestration Study

June 1, 2022 | finance.yahoo.com

Texas Pacific Land Corporation and Milestone Carbon Announce Agreement for Carbon Sequestration Study

May 25, 2022 | finance.yahoo.com

An Intrinsic Calculation For Texas Pacific Land Corporation (NYSE:TPL) Suggests It's 21% Undervalued

May 16, 2022 | seekingalpha.com

Texas Pacific Land joins JV for bitcoin mining in West Texas

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30 days | 90 days | 365 days | Advanced Chart

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TPL Company Calendar

Last Earnings: 11/04/2021
Ex-Dividend for 9/15 Dividend: 9/07/2022
Dividend Payable: 9/15/2022
Today: 10/02/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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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: 92
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $49.04
Trailing P/E Ratio: 36.24
Forward P/E Ratio: 31.98
P/E Growth: N/A
Net Income: $269.98 million
Net Margins: 63.87%
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

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

Sales & Book Value

Annual Sales: $450.96 million
Price / Sales: 30.42
Cash Flow: $42.52 per share
Price / Cash Flow: 41.80
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 7,720,000
Free Float: 7,429,000
Market Cap: $13.72 billion
Optionable: Not Optionable
Beta: 1.99

Social Links

Key Executives

Mr. Tyler Glover (Age 37)
Pres, CEO & Trustee
Comp: $3.43M

Mr. Chris Steddum (Age 41)
Chief Financial Officer
Comp: $1.55M

Mr. Micheal W. Dobbs (Age 49)
Sr. VP, Sec. & Gen. Counsel
Comp: $1.01M

Ms. Stephanie D. Buffington (Age 55)
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

How have TPL shares performed in 2022?: Texas Pacific Land's stock was trading at $1,248.87 on January 1st, 2022. Since then, TPL shares have increased by 42.3% and is now trading at $1,777.23.
View the best growth stocks for 2022 here.
When is Texas Pacific Land's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our TPL earnings forecast.
How were Texas Pacific Land's earnings last quarter?: Texas Pacific Land Co. (NYSE:TPL) announced its quarterly 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 analyst estimates of $106.25 million. During the same period in the prior year, the business earned $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, August 2nd. Investors of record on Thursday, September 8th will be paid a dividend of $3.00 per share on Thursday, September 15th. This represents a $12.00 annualized dividend and a yield of 0.68%. The ex-dividend date is Wednesday, September 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 $12.00 per share and currently has a dividend yield of 0.68%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPL will have a dividend payout ratio of 21.73% 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 $1,777.23.
How much money does Texas Pacific Land make?: Texas Pacific Land (NYSE:TPL) has a market capitalization of $13.72 billion and generates $450.96 million in revenue each year. The financial services provider earns $269.98 million in net income (profit) each year or $49.04 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 10/2/2022 by MarketBeat.com Staff

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Texas Pacific Land - TPL Stock Forecast, Price & News

Texas Pacific Land MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows