Texas Pacific Land Corp (NYSE: TPL) has reported earnings for its second fiscal quarter (ending June 30) of $4.99 versus $13.06 for the same period a year ago — a decline of -62%. E.P.S. were $19.46 for the latest four quarters through June 30 versus $54.09 for the same period a year ago — a decline of -64%.
Recent Price Action
On 8/7/24, Texas Pacific Land Corp (NYSE: TPL) stock rose slightly by 0.01%, closing at $772.99. Trading volume in this advance was normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.5% 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Texas Pacific Land has a neutral Appreciation Score of 53 but a good Power Rating of 81, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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