Stock Rating Upgrade
The Value Trend Rating for Texas Pacific Land Corp (NYSE: TPL) rose significantly in the last week from F to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 6/7/24, Texas Pacific Land Corp (NYSE: TPL) stock declined modestly by -1.8%, closing at $582.07. However, trading volume in this decline was below average at 70% of normal. The stock has been weak relative to the market over the last nine months and has declined -5.3% 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 VT Rating rose significantly in recent days from F previously. 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, with the Low Neutral Value Trend Rating the result.
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