Texas Pacific Land (TPL) Stock Price, News & Analysis

Company Overview

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company owns 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, total of approximately 195,000 NRA located in the western part of Texas. The Land and Resource Management segment manages surface acres of land, and oil and gas royalty interest in West Texas. This segment also engages in easements, such as transporting oil, gas and related hydrocarbons, power line and utility, and subsurface wellbore easements. In addition, this segment leases its land for processing, storage, and compression facilities and roads; and is involved in sale of materials, such as caliche, sand, and other material, as well as sells land. The Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water treatment, infrastructure development, and disposal solutions to operators in the Permian Basin. This segment also holds produced water royalties. Texas Pacific Land Corporation was founded in 1888 and is headquartered in Dallas, Texas.

Key Stats

• Today's Range: $1,414.71 to $1,456.83
• 50-Day Range: $794.69 to $1,453.71
• 52-Week Range: $467.62 to $1,456.83
• Volume: 94,969 shs
• Average Volume: 103,378 shs
• Market Capitalization: $33.40 billion
• P/E Ratio: 74.59
• Dividend Yield: 0.44%
• Price Target: $694.17
• Consensus Rating: Moderate Buy

Texas Pacific Land Stock Analysis - MarketRank™

Texas Pacific Land scored higher than 26% of companies evaluated by MarketBeat, and ranked 235th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Texas Pacific Land has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Texas Pacific Land has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Texas Pacific Land is 74.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Texas Pacific Land is 74.59, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.32.

Price to Book Value per Share Ratio

Texas Pacific Land has a P/B Ratio of 32.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.53% of the outstanding shares of Texas Pacific Land have been sold short.

Short Interest Ratio / Days to Cover

Texas Pacific Land has a short interest ratio ("days to cover") of 13.4, which indicates bearish sentiment.

Change versus previous month

Short interest in Texas Pacific Land has recently decreased by 5.22%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Texas Pacific Land has a dividend yield of 0.34%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Texas Pacific Land does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Texas Pacific Land is 24.01%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.53% of the outstanding shares of Texas Pacific Land have been sold short.

Short Interest Ratio / Days to Cover

Texas Pacific Land has a short interest ratio ("days to cover") of 13.4, which indicates bearish sentiment.

Change versus previous month

Short interest in Texas Pacific Land has recently decreased by 5.22%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.13

News Sentiment

Texas Pacific Land has a news sentiment score of 1.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Texas Pacific Land this week, compared to 5 articles on an average week.

Search Interest

16 people have searched for TPL on MarketBeat in the last 30 days. This is an increase of 78% compared to the previous 30 days.

MarketBeat Follows

Only 12 people have added Texas Pacific Land to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Texas Pacific Land insiders have sold 134.82% more of their company's stock than they have bought. Specifically, they have bought $124,157.00 in company stock and sold $291,549.00 in company stock.

Percentage Held by Insiders

Only 6.50% of the stock of Texas Pacific Land is held by insiders.

Percentage Held by Institutions

59.94% of the stock of Texas Pacific Land is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TPL Stock Analysis - Frequently Asked Questions

How have TPL shares performed this year?

Texas Pacific Land's stock was trading at $524.15 at the beginning of the year. Since then, TPL stock has increased by 177.3% and is now trading at $1,453.71.
View the best growth stocks for 2024 here.

How were Texas Pacific Land's earnings last quarter?

Texas Pacific Land Co. (NYSE:TPL) announced its quarterly earnings results on Wednesday, August, 7th. The financial services provider reported $4.98 EPS for the quarter, missing analysts' consensus estimates of $5.36 by $0.38. The financial services provider had revenue of $172.33 million for the quarter, compared to analyst estimates of $182.35 million. Texas Pacific Land had a net margin of 65.34% and a trailing twelve-month return on equity of 40.57%.

When did Texas Pacific Land's stock split?

Shares of Texas Pacific Land split on the morning of Wednesday, March 27th 2024. The 3-1 split was announced on Wednesday, March 27th 2024. The newly minted shares were distributed to shareholders after the market closes on Wednesday, March 27th 2024. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

Who are Texas Pacific Land's major shareholders?

Top institutional shareholders of Texas Pacific Land include Horizon Kinetics Asset Management LLC (16.08%), State Street Corp (3.32%), Geode Capital Management LLC (2.01%) and Schwartz Investment Counsel Inc. (0.81%). Insiders that own company stock include Kinetics Asset Managem Horizon, Eric L Oliver, Murray Stahl, Micheal W Dobbs, Stephanie Buffington, Donald G Cook and Dana F Mcginnis.
View institutional ownership trends.

How do I buy shares of Texas Pacific Land?

Shares of TPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Texas Pacific Land own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Texas Pacific Land investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 8/07/2024
• Ex-Dividend for 9/17 Dividend: 9/03/2024
• Dividend Payable: 9/17/2024
• Today: 11/20/2024
• Ex-Dividend for 12/16 Dividend: 12/02/2024
• Dividend Payable: 12/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Oil royalty traders
• Sub-Industry: Trading
• Current Symbol: NYSE:TPL
• CUSIP: N/A
• CIK: 97517
• Web: www.tpltrust.com
• Phone: (214) 969-5530
• Fax: 214-969-5530
• Employees: 100
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $694.17
• High Stock Price Target: $917.00
• Low Stock Price Target: $471.33
• Potential Upside/Downside: -52.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $19.49
• Trailing P/E Ratio: 74.43
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $405.64 million
• Net Margins: 65.34%
• Pretax Margin: 83.44%
• Return on Equity: 40.57%
• Return on Assets: 36.58%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 15.81
• Quick Ratio: 15.82

Sales & Book Value

• Annual Sales: $631.59 million
• Price / Sales: 52.78
• Cash Flow: $19.48 per share
• Price / Cash Flow: 74.48
• Book Value: $45.31 per share
• Price / Book: 32.02

Miscellaneous

• Outstanding Shares: 22,980,000
• Free Float: 21,482,000
• Market Cap: $33.34 billion
• Optionable: Not Optionable
• Beta: 1.56