On 6/10/24, Texas Pacific Land Corp (NYSE: TPL) stock enjoyed a major increase of 24.3%, closing at $723.28. Moreover, exceptionally high trading volume at 735% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 17.7% during the last week.
Current PriceTarget Research Rating
TPL is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Texas Pacific Land has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Texas Pacific Land has a slightly positive Appreciation Score of 66 but a poor Power Rating of 27, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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