Texas Pacific Land Corporation which can be found using ticker (TPL) have now 2 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 2750 and 1396 calculating the mean target price we have $2073.00. Now with the previous closing price of $1727.75 this would imply there is now a potential upside of 20.0%. There is a 50 day moving average of $1773.01 while the 200 day moving average is $1980.95. The company has a market capitalization of $13,194m. Company Website: https://www.texaspacific.com
The potential market cap would be $15,831m based on the market consensus.
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.
The company has a dividend yield of 0.76% with the ex dividend date set at 7-3-2023 (DMY).
Other points of data to note are a P/E ratio of 29.67, revenue per share of 86.43 and a 42.85% return on assets.
