Texas Pacific Land Corporation with ticker code (TPL) now have 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 calculating the mean target price we have 1433.67. Now with the previous closing price of 1007.75 this is indicating there is a potential upside of 42.3%. The 50 day moving average now sits at 1205.89 and the 200 day MA is 1371.04. The market cap for the company is $8,016m. Company Website: https://www.texaspacific.com
The potential market cap would be $11,404m 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.
