The stock of Texas Pacific Land Corporation (TPL) has seen a 10.15% increase in the past week, with a 3.54% gain in the past month, and a 24.56% flourish in the past quarter. The volatility ratio for the week is 3.00%, and the volatility levels for the past 30 days are at 2.97% for TPL. The simple moving average for the past 20 days is 5.70% for TPL’s stock, with a 9.57% simple moving average for the past 200 days.
Is It Worth Investing in Texas Pacific Land Corporation (NYSE: TPL) Right Now?
The price-to-earnings ratio for Texas Pacific Land Corporation (NYSE: TPL) is 34.97x, which is above its average ratio. Moreover, the 36-month beta value for TPL is 1.61. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TPL is 22.82M and currently, short sellers hold a 3.62% of that float. On May 10, 2024, TPL’s average trading volume was 75.10K shares.
TPL) stock’s latest price update
Texas Pacific Land Corporation (NYSE: TPL)’s stock price has soared by 9.18 in relation to previous closing price of 563.50. Nevertheless, the company has seen a gain of 10.15% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that Texas Pacific (TPL) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of TPL
Many brokerage firms have already submitted their reports for TPL stocks, with Credit Suisse repeating the rating for TPL by listing it as a “Underperform.” The predicted price for TPL in the upcoming period, according to Credit Suisse is $800 based on the research report published on September 29, 2021 of the previous year 2021.
Stifel, on the other hand, stated in their research note that they expect to see TPL reach a price target of $1359. The rating they have provided for TPL stocks is “Hold” according to the report published on April 01st, 2021.
BWS Financial gave a rating of “Buy” to TPL, setting the target price at $1150 in the report published on January 12th of the previous year.
TPL Trading at 9.10% from the 50-Day Moving Average
After a stumble in the market that brought TPL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.72% of loss for the given period.
Volatility was left at 2.97%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares surge +2.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.67% upper at present.
During the last 5 trading sessions, TPL rose by +10.15%, which changed the moving average for the period of 200-days by +22.07% in comparison to the 20-day moving average, which settled at $582.71. In addition, Texas Pacific Land Corporation saw 17.38% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TPL starting from HORIZON KINETICS ASSET MANAGEM, who purchase 3 shares at the price of $564.11 back on May 08 ’24. After this action, HORIZON KINETICS ASSET MANAGEM now owns 1,084,983 shares of Texas Pacific Land Corporation, valued at $1,692 using the latest closing price.
HORIZON KINETICS ASSET MANAGEM, the 10% Owner of Texas Pacific Land Corporation, purchase 3 shares at $572.35 during a trade that took place back on May 07 ’24, which means that HORIZON KINETICS ASSET MANAGEM is holding 1,084,980 shares at $1,717 based on the most recent closing price.
Stock Fundamentals for TPL
Current profitability levels for the company are sitting at:
- 0.78 for the present operating margin
- 0.92 for the gross margin
The net margin for Texas Pacific Land Corporation stands at 0.66. The total capital return value is set at 0.44. Equity return is now at value 43.60, with 38.70 for asset returns.
Currently, EBITDA for the company is 500.81 million with net debt to EBITDA at -1.55. When we switch over and look at the enterprise to sales, we see a ratio of 20.2. The receivables turnover for the company is 5.41for trailing twelve months and the total asset turnover is 0.52.
Conclusion
To wrap up, the performance of Texas Pacific Land Corporation (TPL) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
