Texas Pacific Land Corporation (TPL) saw downtrend of -1.87% in the recent trading with $287.22 being its most recent. The current price level -41.09% lower than the highest price of $487.59 marked by the stock while trading over the past 52-weeks, whereas it is 6.68% higher than the lowest price of $269.23 the company dropped to over past 52-weeks. The latest news story on TPL appeared in (Barrons.com) under the title “It’s a Risk-Off Day After Christmas on Wall Street”.
Squeezing the time span to 30 day period shows us the stock is currently trading -7.79% below one month high and is +6.68% above of the lowest during that time. Looking into the simple moving average, Texas Pacific Land Corporation (TPL)’s stock stands at a SMA-50 of $303.61 while that of 5-day is reading $291.59.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and TPL’s SMA-200 as of now is $347.58.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.20 for the stock.
Texas Pacific Land Corporation Earnings – What Happened With TPL
Coming around sales and income figures on TPL Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Texas Pacific Land Corporation – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 68.94 million. TPL does have institutional investors; and they hold 72.09% of the stock.
As on 2024-06-30, HORIZON KINETICS ASSET MANAGEMENT LLC was the top most holder in Texas Pacific Land Corporation (NYSE:TPL) with an ownership of 3.69 million shares of the company or 16.0711 of the stake worth $2.71 billion. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 9.743 of the outstanding shares. Its stake is worth $1.64 billion for having 2.24 million shares in hand.
VANGUARD GROUP INC also came holding a key position in the company during the recent quarter and it now holds 8.7171 of the outstanding shares. With this there are now 968.0 institutions which have possession in TPL’s shares.
Key Metrics for TPL
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Texas Pacific Land Corporation has a debt to equity ratio of 0.01.
Technical Analysis of Texas Pacific Land Corporation (NYSE:TPL) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Texas Pacific Land Corporation (TPL), we notice that the stock’s 20-day average volume is at 456,675 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 407,676 shares. And to end, TPL’s 100-day average volume is 406,986 shares with 100% of the long-term indicators pointing towards Sell for the stock.
