Texas Pacific Land Corporation – Consensus Indicates Potential 27.8% Upside

Broker Ratings

Texas Pacific Land Corporation found using ticker (TPL) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 2000 and 1340 calculating the mean target price we have 1670. Now with the previous closing price of 1307.04 this would imply there is a potential upside of 27.8%. The day 50 moving average is 1341.56 and the 200 day MA is 1493.39. The market capitalisation for the company is $10,090m. Company Website: http://www.texaspacific.com

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company’s Land and Resource Management segment manages approximately 880,000 acres of land. This segment also holds oil and gas royalty interests; easements and commercial leases comprising easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; and agreements with operators and midstream companies to lease its land, primarily for facilities and roads. In addition, this segment is involved in material sales, including caliche. The company’s Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water gathering/treatment, infrastructure development, disposal solutions, water tracking, analytics, and well testing services to operators in the Permian Basin. This segment also engages in the recycled water operations; and holds royalties for water sourced from its land. The company was founded in 1888 and is headquartered in Dallas, Texas.

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