The stock of Texas Pacific Land Corporation (NYSE:TPL) last traded at $1636.69, up 4.13% from the previous session.
TPL stock price is now 40.52% away from the 50-day moving average and 105.96% away from the 200-day moving average. The market capitalization of the company currently stands at $37.60B.
With the price target of $800, Credit Suisse recently initiated with Underperform rating for Texas Pacific Land Corporation (NYSE: TPL). On April 01, 2021, Stifel Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $1359, while ‘BWS Financial’ rates the stock as ‘Buy’
In other news, HORIZON KINETICS ASSET MANAGEM, 10% Owner bought 3 shares of the company’s stock on Nov 26 ’24. The stock was bought for $4,668 at an average price of $1556.11. Upon completion of the transaction, the 10% Owner now directly owns 1,138,478 shares in the company, valued at $1.86 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, 10% Owner HORIZON KINETICS ASSET MANAGEM bought 3 shares of the business’s stock. A total of $5,178 was incurred on buying the stock at an average price of $1726.14. This leaves the insider owning 1,138,475 shares of the company worth $1.86 billion. A total of 0.10% of the company’s stock is owned by insiders.
During the past 12 months, Texas Pacific Land Corporation has had a low of $461.25 and a high of $1769.14. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 12.40, and a quick ratio of 11.50. According to the stock market information, the enterprise value for the company is $37069852672, which is based on a 83.97 price-to-earnings ratio, a 4.19 price-to-earnings-growth ratio, and a beta of 1.63. The fifty day moving average price for TPL is $1149.6694 and a two-hundred day moving average price translates $792.67236 for the stock.
The latest earnings results from Texas Pacific Land Corporation (NYSE: TPL) was released for 2024-09-30. The net profit margin was 65.30% and return on equity was 44.50% for TPL. The company reported revenue of $173.56 million for the quarter, compared to $157.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.87 percent.
