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Texas Pacific Land Trust (TPL)
NYSE:TPL
Texas Pacific Land (TPL) Stock Price & Analysis
514 Followers
TPL Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$419.58 - $663.84
Previous Close$608.52
Volume40.47K
Average Volume (3M)75.91K
Market Cap
$13.99B
Enterprise Value$13.27B
Total Cash (Recent Filing)$725.17M
Total Debt (Recent Filing)$1.17M
Price to Earnings (P/E)32.3
Beta0.48
Next Earnings
Jul 31, 2024EPS Estimate
$5.08Next Dividend Ex-Date
Jun 03, 2024Dividend Yield0.73%
Share Statistics
EPS (TTM)18.81
Shares Outstanding22,989,755
10 Day Avg. Volume67,922
30 Day Avg. Volume75,908
Standard Deviation0.16
R-Squared0.28
Alpha0.00953
Financial Highlights & Ratios
Price to Book (P/B)13.67
Price to Sales (P/S)22.15
Price to Cash Flow (P/CF)31.30
P/FCF Ratio31.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue23.10
Enterprise Value/Gross Profit22.18
Enterprise Value/Ebitda24.92
Forecast
1Y Price Target
$708.50Price Target Upside16.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Texas Pacific Land News
PremiumCompany Announcements
Texas Pacific Land Trust Releases New Investor Materials
PremiumCompany Announcements
Texas Pacific Land Trust Unveils New Investor Presentation
Bulls Say, Bears Say
Bulls Say
Commodity Pricing StrategyTPL operates with an unhedged approach to crude oil and natural gas prices, capitalizing on the market prices directly.
EarningsTexas Pacific Land benefited from an increase in production rates in the Permian Basin to report better than expected fourth quarter results.
Financial HealthThe boost in earnings has led to TPL building a substantial cash cushion, which provides financial flexibility.
Bears Say
Corporate GovernanceTexas Pacific Land (TPL) has gone through a series of changes within its Board of Directors but that has not been enough to squash investor concerns on what the latest ruling from the Delaware Court of Chancery could mean for the future of the company.
Investor SentimentInvestor anxiety over inorganic growth and Horizon Kinetics Asset Management LLC reducing their stake have been an overhang on TPL's stock.
Stock DilutionInvestor concerns over TPL conducting a dilutive transaction has resulted in the stock declining by more than 10 percent after the decision to increase the number of authorized shares of common stock was announced.
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Ownership Overview
11.72% Insiders
4.24% Mutual Funds
43.18% Other Institutional Investors
40.85% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
TPL FAQ
What was Texas Pacific Land Trust’s price range in the past 12 months?
Texas Pacific Land Trust lowest stock price was $419.58 and its highest was $663.84 in the past 12 months.
What is Texas Pacific Land Trust’s market cap?
Currently, no data Available
When is Texas Pacific Land Trust’s upcoming earnings report date?
Texas Pacific Land Trust’s upcoming earnings report date is Jul 31, 2024 which is in 75 days.
How were Texas Pacific Land Trust’s earnings last quarter?
Texas Pacific Land Trust released its earnings results on May 08, 2024. The company reported $4.97 earnings per share for the quarter, beating the consensus estimate of $4.58 by $0.39.
Is Texas Pacific Land Trust overvalued?
According to Wall Street analysts Texas Pacific Land Trust’s price is currently Undervalued.
Does Texas Pacific Land Trust pay dividends?
Texas Pacific Land Trust pays a Quarterly dividend of $1.17 which represents an annual dividend yield of 0.73%. See more information on Texas Pacific Land Trust dividends here
What is Texas Pacific Land Trust’s EPS estimate?
Texas Pacific Land Trust’s EPS estimate is $5.08.
How many shares outstanding does Texas Pacific Land Trust have?
Texas Pacific Land Trust has 22,989,756 shares outstanding.
What happened to Texas Pacific Land Trust’s price movement after its last earnings report?
Texas Pacific Land Trust reported an EPS of $4.97 in its last earnings report, beating expectations of $4.58. Following the earnings report the stock price went up 9.18%.
Which hedge fund is a major shareholder of Texas Pacific Land Trust?
Among the largest hedge funds holding Texas Pacific Land Trust’s share is Mad River Investors. It holds Texas Pacific Land Trust’s shares valued at 58M.
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Texas Pacific Land Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$708.50 (16.11% Upside)
$708.50 (16.11% Upside)
Blogger Sentiment
Bullish
TPL Sentiment 75%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Increased
By 4.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $1.6M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 4.1%
Last 30 Days ▲ 10.5%
Last 30 Days ▲ 10.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
38.74%
12-Months-Change
Fundamentals
Return on Equity
44.43%
Trailing 12-Months
Asset Growth
31.82%
Trailing 12-Months
Company Description
Texas Pacific Land Trust
Texas Pacific Land Trust engages in the provision of management of land. It operates through the Land and Resource Management; and Water Service and Operations segments. The Land and Resource Management segment involves in the business of managing the land and related resources in West Texas owned by the Trust. The Water Service and Operations segment consists of revenues from royalties on sales of water, direct sales of water and to a lesser extent, easements, and sundry income. The company was founded on February 1, 1888 and is headquartered in Dallas, TX.
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TPL Earnings Call
Q1 2024
0:00 / 0:00
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TPL Revenue Breakdown
56.59% Oil and gas royalty revenue
17.77% Water sales
13.34% Produced water royalties
11.23% Easements and other surface-related income
1.08% Land sales and other operating revenue
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TPL Stock 12 Month Forecast
Average Price Target
$708.50
▲(16.11% Upside)
Technical Analysis
Best Analysts Covering TPL
1 Year
1 Year Success Rate
9/12 ratings generated profit
1 Year Average Return
+7.34%
reiterated a buy rating 8 days ago
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