Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Texas Pacific Land Corp (NYSE: TPL) improved of late. TPL’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Texas Pacific Land Corp (NYSE: TPL) stock closed at $1641.00 on 11/10/23 after a decline of -1.1%. The stock has declined -8.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TPL is expected to continue to be a major Value Builder.
Texas Pacific Land has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Texas Pacific Land has a neutral Appreciation Score of 43 but a good Power Rating of 83, and the Positive Value Trend Rating results.
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