Texas Pacific Land Corporation found using ticker (TPL) now have 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 2000 and 870 and has a mean target at 1433.67. Given that the stocks previous close was at 1127.88 this indicates there is a potential upside of 27.1%. There is a 50 day moving average of 1259.71 while the 200 day moving average is 1396.23. The company has a market cap of $8,612m. Company Website: https://www.texaspacific.com
The potential market cap would be $10,947m based on the market concensus.
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 oil and gas royalty interests; easements and commercial leases comprising easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; and agreements with operators and midstream companies to lease its land, primarily for facilities and roads. In addition, this segment is involved in material sales, including caliche. The company’s 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 engages in the recycled water operations; and holds royalties for water sourced from its land. The company was founded in 1888 and is headquartered in Dallas, Texas.
