Texas Pacific Land Corporation (NYSE:TPL) does about 107.91K shares in volume on a normal day but saw 4569640 shares change hands in the recent trading day. The company now has a market cap of 37.08B USD. Its current market price is $1614.00, marking a decrease of -6.71% compared to the previous close of $1730.00. The 52 week high reached by this stock is $1749.44 whilst the lowest price level in 52 weeks is $461.25.
Texas Pacific Land Corporation (TPL) has a 20-day trading average at $1,355.71 and the current price is -7.74% off the 52-week high compared with 249.92% distance from its 52-week low. The 50-day simple moving average of the closing price is $1,135.70 and its 200-day simple moving average is $787.26. If we look at the stock’s price movements over the week, volatility stands at 6.99%, which decreases to 4.54% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 75.06 to suggest the stock is overbought.
The consensus objective for the share price is $565.13, suggesting that the stock has a potential downside of -185.6% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 29, 2021 when Credit Suisse initiated the stock to “Underperform” and issued a price target of $800. Stifel downgraded the stock to “Hold” from Buy on April 01, 2021 at a price target of $1359. BWS Financial initiated its price target at $1150.
The current price level is 19.05%, 42.11%, and 106.03% away from its SMA20, SMA50, and SMA200 respectively, with the TPL price moving above the 50-day SMA on current market day. Texas Pacific Land Corporation (TPL) stock is up 15.39% over the week and 46.99% over the past month. Its price is 212.18% year-to-date and 197.51% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of 4.58 below consensus estimates by -0.11. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to shrink -185.6 percent from here.
Outstanding shares total 22.97M with insiders holding 0.82% of the shares and institutional holders owning 67.68% of the company’s common stock. The company has a return on investment of 35.80% and return on equity of 44.50%. The price to earnings ratio (P/E ratio) amounts to 82.81. The beta has a value of 1.65. Price to book ratio is 35.25 and price to sales ratio is 54.00.
