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NYSE:TPL

Texas Pacific Land - TPL Stock Forecast, Price & News

$1,744.60
+14.35 (+0.83%)
(As of 08/11/2022 04:35 PM ET)
Add
Compare
Today's Range
$1,735.30
$1,787.38
50-Day Range
$1,445.52
$1,833.85
52-Week Range
$946.29
$1,886.04
Volume
19,205 shs
Average Volume
29,295 shs
Market Capitalization
$13.47 billion
P/E Ratio
35.58
Dividend Yield
0.69%
Price Target
$800.00

Texas Pacific Land MarketRank™ Forecast

Analyst Rating
Reduce
1.00 Rating Score
Upside/​Downside
53.9% Downside
$800.00 Price Target
Short Interest
Bearish
3.01% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.13mentions of Texas Pacific Land in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$171,569 Bought Last Quarter
Proj. Earnings Growth
9.80%
From $58.38 to $64.10 Per Share

Overall MarketRank

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

1.58 out of 5 stars

Oils/Energy Sector

222nd out of 256 stocks

Oil Royalty Traders Industry

1st out of 1 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 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.

Texas Pacific Land Stock Up 1.1 %

Texas Pacific Land stock traded up $19.25 during midday trading on Wednesday, reaching $1,730.25. 13,597 shares of the stock traded hands, compared to its average volume of 29,362. The stock's fifty day moving average is $1,637.96 and its 200-day moving average is $1,414.02. Texas Pacific Land has a 12 month low of $946.29 and a 12 month high of $1,886.04. The stock has a market cap of $13.36 billion, a P/E ratio of 34.89 and a beta of 2.00.

Texas Pacific Land Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 8th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Wednesday, September 7th. Texas Pacific Land's payout ratio is presently 24.47%.

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TPL Stock News Headlines

Bull of the Day: Texas Pacific Land (TPL)
Aris Water Solutions: Loving That Dirty Water
Earnings Preview: Texas Pacific Land Trust
Texas Pacific Land Q1 2022 Earnings Preview
See More Headlines
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TPL Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 6/15 Dividend
6/07/2022
Dividend Payable
6/15/2022
Today
8/11/2022
Ex-Dividend for 9/15 Dividend
9/07/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

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
$800.00
High Stock Price Forecast
$800.00
Low Stock Price Forecast
$800.00
Forecasted Upside/Downside
-54.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$269.98 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$450.96 million
Cash Flow
$43.35 per share

Miscellaneous

Free Float
7,429,000
Market Cap
$13.47 billion
Optionable
Not Optionable
Beta
2.00

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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 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" TPL shares.
View TPL analyst ratings
or view top-rated stocks.

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

1 Wall Street analysts have issued 1-year price targets for Texas Pacific Land's stock. Their TPL share price forecasts range from $800.00 to $800.00. On average, they expect the company's stock price to reach $800.00 in the next twelve months. This suggests that the stock has a possible downside of 54.8%.
View analysts price targets for TPL
or view top-rated stocks among Wall Street analysts.

How have TPL shares performed in 2022?

Texas Pacific Land's stock was trading at $1,248.87 at the start of the year. Since then, TPL stock has increased by 41.7% and is now trading at $1,769.47.
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) 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 earned $123.69 million during the quarter, compared to the consensus estimate of $106.25 million. During the same period last year, the company 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 announced a quarterly dividend on Tuesday, August 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend 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 0.70%. 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 18.72% 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 many different institutional and retail investors. Top institutional shareholders include Horizon Kinetics Asset Management LLC (19.45%), Mad River Investors (0.60%), Hodges Capital Management Inc. (0.50%), Essex Financial Services Inc. (0.37%), Moors & Cabot Inc. (0.36%) and UBS Group AG (0.33%). 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 $1,769.47.

How much money does Texas Pacific Land make?

Texas Pacific Land (NYSE:TPL) has a market capitalization of $13.66 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 8/11/2022 by MarketBeat.com Staff

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