Texas Pacific Land Corporation’s Stock Price Drops to $1107.43, Witnessing a 3.29% Decline

Texas Pacific Land Corporation (TPL)

1107.43 USD -37.69 (-3.29%) Volume: 0.28M

Explore the dynamic performance of Texas Pacific Land Corporation’s stock price currently at 1107.43 USD, witnessing a trading session dip of -3.29%, yet showing robust growth with a Year-to-Date increase of +114.20%. With a trading volume of 0.28M, TPL’s stock continues to attract significant interest in the market.

Latest developments on Texas Pacific Land Corporation

Texas Pacific Land Corporation, known as TPL, has been making waves in the stock market recently. Horizon Kinetics Asset Management recently purchased shares of the company for $1,159, signaling confidence in its future growth prospects. With TPL’s stock price already up 127% in 2024, investors are eagerly anticipating what the company has in store for 2025. The high growth potential of Texas Pacific Land may already be factored into its current stock price, but many are hopeful that the company will continue to deliver impressive results in the coming year.

Texas Pacific Land Corporation on Smartkarma

Analyst coverage on Texas Pacific Land on Smartkarma has been positive, with Hamed Khorsand providing insights in the report titled “TPL: Oily Water of Gold”. Khorsand notes that water sales for TPL have exceeded expectations, showcasing growth potential as the company expands its service region. Despite a decline in oil and gas royalties leading to a missed revenue estimate for the second quarter, TPL’s water business remains a bright spot. Khorsand believes that revenue diversification away from oil and gas could attract more investors and potentially lead to a higher valuation for TPL’s stock.

A look at Texas Pacific Land Corporation Smart Scores

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 shows a mixed long-term outlook. While the company scores moderately in Value, Dividend, and Growth factors, it excels in Resilience and Momentum, with a score of 5 for both. This indicates that Texas Pacific Land has a strong ability to weather economic downturns and maintain positive market momentum.

As the owner of valuable tracts of land in Texas, Texas Pacific Land Corporation generates income from various sources such as land sales, oil and gas royalties, grazing leases, and interest. With a high Resilience score, the company is well-positioned to navigate challenges and maintain stability in the long run. Additionally, its Momentum score suggests that Texas Pacific Land has strong growth potential and market performance, making it a promising investment option for the future.

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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