Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Texas Pacific Land Corp before investing.

In this article, we go over a few key elements for understanding Texas Pacific Land Corp’s stock price such as:

• Texas Pacific Land Corp’s current stock price and volume
• Why Texas Pacific Land Corp’s stock price changed recently
• Upgrades and downgrades for TPL from analysts
• TPL’s stock price momentum as measured by its relative strength

About Texas Pacific Land Corp (TPL)

Before we jump into Texas Pacific Land Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Texas Pacific Land Corporation is a landowner in the state of Texas with approximately 868,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. Its segments include Land and Resource Management and Water Services and Operations. Its Land and Resource Management segment encompasses the business of managing its approximately 868,000 surface acres of land and its oil and gas royalty interests in West Texas, principally concentrated in the Permian Basin. This segment consists primarily of royalties from oil and gas, revenues from easements, commercial leases and renewables, and land and material sales. Its Water Services and Operations segment encompasses the business of providing full-service water offerings to operators in the Permian Basin through Texas Pacific Water Resources LLC (TPWR). These full-service water offerings include, but are not limited to, water sourcing, produced-water treatment, infrastructure development, and others.

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Texas Pacific Land Corp’s Stock Price as of Market Close

As of June 10, 2024, 4:00 PM, CST, Texas Pacific Land Corp’s stock price was $723.28.

Texas Pacific Land Corp is up 24.26% from its previous closing price of $582.07.

During the last market session, Texas Pacific Land Corp’s stock traded between $581.55 and $591.13. Currently, there are 23.00 million shares of Texas Pacific Land Corp stock available for purchase.

Texas Pacific Land Corp’s price-earnings (P/E) ratio is currently at 30.9, which is high compared to the Oil & Gas - Exploration and Production industry median of 11.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Texas Pacific Land Corp Stock Price History

Texas Pacific Land Corp’s (TPL) price is currently up 17.74% so far this month.

During the month of June, Texas Pacific Land Corp’s stock price has reached a high of $732.26 and a low of $578.56.

Over the last year, Texas Pacific Land Corp has hit prices as high as $666.67 and as low as $422.07. Year to date, Texas Pacific Land Corp’s stock is down 7.44%.

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What Caused Texas Pacific Land Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 07, 2024, there were 0 analysts who downgraded Texas Pacific Land Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Texas Pacific Land Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Texas Pacific Land Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Texas Pacific Land Corp’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Texas Pacific Land Corp (TPL) by visiting AAII Stock Evaluator.

Relative Price Strength of Texas Pacific Land Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 07, 2024, Texas Pacific Land Corp has a weighted four-quarter relative price strength of 2.62%, which translates to a Momentum Score of 78 and is considered to be Strong.

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Texas Pacific Land Corp Stock Price: Bottom Line

As of June 10, 2024, Texas Pacific Land Corp’s stock price is $723.28, which is up 24.26% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Texas Pacific Land Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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