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NYSE:TPL

Texas Pacific Land Stock Forecast, Price & News

$1,593.50
+54.86 (+3.57%)
(As of 06/28/2022 10:38 AM ET)
Add
Compare
Today's Range
$1,561.31
$1,609.80
50-Day Range
$1,275.67
$1,746.23
52-Week Range
$946.29
$1,756.00
Volume
139 shs
Average Volume
30,430 shs
Market Capitalization
$12.33 billion
P/E Ratio
38.84
Dividend Yield
0.79%
Price Target
$800.00
30 days | 90 days | 365 days | Advanced Chart

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TPL Stock Forecast (MarketRank)

Overall MarketRank

2.17 out of 5 stars

Oils/Energy Sector

142nd out of 391 stocks

Oil Royalty Traders Industry

1st out of 8 stocks

Analyst Opinion: 0.5Community Rank: 4.9Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
Texas Pacific Land logo

About Texas Pacific Land (NYSE:TPL)

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.

TPL Stock News Headlines

Aris Water Solutions: Loving That Dirty Water
Earnings Preview: Texas Pacific Land Trust
See More Headlines

Industry, Sector and Symbol

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

Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 6/15 Dividend
6/07/2022
Dividend Payable
6/15/2022
Today
6/28/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$800.00
High Stock Price Forecast
$800.00
Low Stock Price Forecast
$800.00
Forecasted Upside/Downside
-49.8%
Consensus Rating
Reduce
Rating Score (0-4)
1
Research Coverage
1 Analysts

Profitability

Net Income
$269.98 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$450.96 million

Miscellaneous

Free Float
7,448,000
Market Cap
$12.33 billion
Optionable
Not Optionable
Beta
2.07

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Texas Pacific Land 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 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" Texas Pacific Land stock.
View analyst ratings for Texas Pacific Land
or view top-rated stocks.

What is Texas Pacific Land's stock price forecast for 2022?

1 Wall Street analysts have issued 12 month price targets for Texas Pacific Land's stock. Their TPL stock forecasts range from $800.00 to $800.00. On average, they predict Texas Pacific Land's share price to reach $800.00 in the next year. This suggests that the stock has a possible downside of 49.8%.
View analysts' price targets for Texas Pacific Land
or view top-rated stocks among Wall Street analysts.

How has Texas Pacific Land's stock performed in 2022?

Texas Pacific Land's stock was trading at $1,248.87 at the beginning of the year. Since then, TPL stock has increased by 27.6% and is now trading at $1,593.50.
View the best growth stocks for 2022 here
.

When is Texas Pacific Land's next earnings date?

Texas Pacific Land is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Texas Pacific Land
.

How were Texas Pacific Land's earnings last quarter?

Texas Pacific Land Co. (NYSE:TPL) announced its quarterly earnings results on Wednesday, May, 4th. The financial services provider reported $12.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $13.82 by $1.18. The financial services provider had revenue of $147.34 million for the quarter, compared to analysts' expectations of $156.60 million.
View Texas Pacific Land's earnings history
.

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 3rd. Investors of record on Wednesday, June 8th will be given a dividend of $23.00 per share on Wednesday, June 15th. This represents a $92.00 annualized dividend and a yield of 5.77%. The ex-dividend date of this dividend is Tuesday, June 7th. This is an increase from Texas Pacific Land's previous quarterly dividend of $3.00.
View Texas Pacific Land's dividend history
.

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 0.79%. Texas Pacific Land does not yet have a strong track record of dividend growth. The dividend payout ratio of Texas Pacific Land is 29.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Texas Pacific Land will have a dividend payout ratio of 17.22% next year. This indicates that Texas Pacific Land will be able to sustain or increase its dividend.
View Texas Pacific Land's dividend history.

Who are Texas Pacific Land's key executives?

Texas Pacific Land's management team includes the following people:
  • Mr. Tyler Glover, Pres, CEO & Trustee (Age 37, Pay $3.43M)
  • Mr. Chris Steddum, Chief Financial Officer (Age 41, Pay $1.55M)
  • Mr. Micheal W. Dobbs, Sr. VP, Sec. & Gen. Counsel (Age 49, Pay $1.01M)
  • Ms. Stephanie D. Buffington, Chief Accounting Officer (Age 55)
  • Mr. Robert A. Crain, Exec. VP of Texas Pacific Water Resources LLC (Age 43)

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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.13%), BlackRock Inc. (3.89%), State Street Corp (1.98%), First Manhattan Co. (1.93%), Schwartz Investment Counsel Inc. (0.97%) and Northern Trust Corp (0.76%). Company insiders that own Texas Pacific Land stock include Dana F Mcginnis, Kinetics Asset Managem Horizon, Murray Stahl and Tyler Glover.
View institutional ownership trends for Texas Pacific Land
.

Which major investors are selling Texas Pacific Land stock?

TPL stock was sold by a variety of institutional investors in the last quarter, including Anchor Capital Advisors LLC, Royal Bank of Canada, Pacific Heights Asset Management LLC, Goldman Sachs Group Inc., Bank of America Corp DE, Mad River Investors, Victory Capital Management Inc., and Lazard Asset Management LLC.
View insider buying and selling activity for Texas Pacific Land
or view top insider-selling stocks.

Which major investors are buying Texas Pacific Land stock?

TPL stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., State Street Corp, Santa Monica Partners LP, Alpha Square Group S LLC, First Foundation Advisors, First Trust Advisors LP, and Invesco Ltd.. Company insiders that have bought Texas Pacific Land stock in the last two years include Kinetics Asset Managem Horizon, Murray Stahl, and Tyler Glover.
View insider buying and selling activity for Texas Pacific Land
or or view top insider-buying stocks.

How do I buy shares of Texas Pacific Land?

Shares of TPL 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 $1,593.50.

How much money does Texas Pacific Land make?

Texas Pacific Land (NYSE:TPL) has a market capitalization of $12.33 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 $41.029990 on an earnings per share basis.

How many employees does Texas Pacific Land have?

Texas Pacific Land employs 92 workers across the globe.

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 Texas Pacific Land 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 6/28/2022 by MarketBeat.com Staff

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