Texas Pacific Land Corporation (TPL)
1114.46 USD -89.20 (-7.41%) Volume: 0.16M
Texas Pacific Land Corporation’s stock price currently stands at 1114.46 USD, experiencing a dip of -7.41% this trading session, despite its impressive YTD performance showing a surge of +124.13%, with a trading volume of 0.16M.
Latest developments on Texas Pacific Land Corporation
Today, Texas Pacific Land Corp’s stock price experienced fluctuations following key events in the market. Horizon Kinetics asset management made significant investments in the company, purchasing $1,231 and $1,180 worth of Texas Pacific Land Corp shares. Additionally, Virtu Financial LLC reduced its holdings in the company. These movements come amidst the backdrop of the stock’s impressive performance over the past decade, with $100 invested in Texas Pacific Land Corp 10 years ago now worth a substantial amount. Investors are closely monitoring these developments to gauge the impact on the company’s stock price.
Texas Pacific Land Corporation on Smartkarma
Analyst Hamed Khorsand from Smartkarma recently published a research report on Texas Pacific Land, titled “TPL: Oily Water of Gold”. Khorsand has a bullish outlook on the company, highlighting the growth potential in TPL’s water sales beyond its land acreage. Despite a decline in oil and gas royalties, TPL’s water business continues to shine, providing added value to the company. Khorsand believes that TPL’s revenue diversification away from oil and gas could attract more investor attention, potentially leading to a higher stock valuation.
A look at Texas Pacific Land Corporation Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 2 | |
Dividend | 2 | |
Growth | 2 | |
Resilience | 5 | |
Momentum | 5 | |
OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Texas Pacific Land Corporation has a mixed outlook for the long term. While the company scores moderately on factors such as Value, Dividend, and Growth, it excels in Resilience and Momentum, with a score of 5 for both. This indicates that Texas Pacific Land Corporation is well-positioned to weather economic uncertainties and has strong positive momentum in its operations.
As the owner of valuable land tracts in Texas, previously owned by the Texas and Pacific Railway Co., Texas Pacific Land Corporation generates income from various sources including land sales, oil and gas royalties, grazing leases, and interest. With a focus on resilience and momentum, the company may continue to see steady growth and stability in the long term, despite scoring average on value, dividend, and growth factors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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