Texas Pacific Land Corporation [TPL] stock prices are up 1.42% to $1412.80 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TPL shares have gain 8.60% over the last week, with a monthly amount glided 16.19%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Texas Pacific Land Corporation [NYSE: TPL] stock has seen the most recent analyst activity on September 29, 2021, when Credit Suisse initiated its Underperform rating and assigned the stock a price target of $800. Previously, Stifel downgraded its rating to Hold on April 01, 2021, and kept the price target unchanged to $1359. On January 12, 2021, BWS Financial initiated with a Buy rating and assigned a price target of $1150 on the stock. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $937 on January 09, 2020.
The stock price of Texas Pacific Land Corporation [TPL] has been fluctuating between $461.25 and $1769.14 over the past year. Texas Pacific Land Corporation [NYSE: TPL] shares were valued at $1412.80 at the most recent close of the market.
Analyzing the TPL fundamentals
The Texas Pacific Land Corporation [NYSE:TPL] reported sales of 686.70M for trailing twelve months, representing a surge of 9.90%. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at 0.77%, Pretax Profit Margin comes in at 0.83%, and Net Profit Margin reading is 0.65%. To continue investigating profitability, this company’s Return on Assets is posted at 0.38, Equity is 0.41 and Total Capital is 0.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1,396.46 points at the first support level, and at 1,380.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 1,423.24, and for the 2nd resistance point, it is at 1,433.68.
Ratios To Look Out For
It’s worth pointing out that Texas Pacific Land Corporation [NYSE:TPL]’s Current Ratio is 12.40. Also, the Quick Ratio is 11.50, while the Cash Ratio stands at 9.31. Considering the valuation of this stock, the price to sales ratio is 47.27, the price to book ratio is 30.85 and price to earnings (TTM) ratio is 72.48.
Transactions by insiders
Recent insider trading involved HORIZON KINETICS ASSET MANAGEM, 10% Owner, that happened on Jan 16 ’25 when 1.0 shares were purchased. 10% Owner, HORIZON KINETICS ASSET MANAGEM completed a deal on Jan 15 ’25 to buy 1.0 shares. Meanwhile, 10% Owner HORIZON KINETICS ASSET MANAGEM bought 1.0 shares on Jan 14 ’25.
