Texas Pacific Land Corporation found using ticker (TPL) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘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. With the stocks previous close at 1090.31 this would imply there is a potential upside of 31.5%. The day 50 moving average is 1189.07 and the 200 day MA is 1360.92. The market capitalisation for the company is $8,465m. Company Website: https://www.texaspacific.com
The potential market cap would be $11,131m 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.
