Stock Rating Upgrade
In the last week the Value Trend Rating for Texas Pacific Land Corp (NYSE: TPL) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Texas Pacific Land Corp (NYSE: TPL) stock closed at $1600.09 on 11/29/24 after a decline of -2.2%. However, trading volume in this decline was unusually low at 64% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 10.3% during the last week.
Current PriceTarget Research Rating
Texas Pacific Land has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Texas Pacific Land has a slightly negative Appreciation Score of 35 but a very high Power Rating of 94, triggering the Positive Value Trend Rating.
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