In a report released today, Hamed Khorsand from BWS Financial maintained a Buy rating on Texas Pacific Land (TPL – Research Report), with a price target of $2,750.00. The company’s shares closed yesterday at $1,611.23.
Khorsand covers the Technology sector, focusing on stocks such as A10 Networks, Immersion, and Netgear. According to TipRanks, Khorsand has an average return of 11.3% and a 57.39% success rate on recommended stocks.
Currently, the analyst consensus on Texas Pacific Land is a Moderate Buy with an average price target of $2,060.50.
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The company has a one-year high of $2,724.35 and a one-year low of $1,266.21. Currently, Texas Pacific Land has an average volume of 28.6K.
Based on the recent corporate insider activity of 250 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TPL in relation to earlier this year.
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Texas Pacific Land Trust engages in the provision of management of land. It operates through the Land and Resource Management; and Water Service and Operations segments. The Land and Resource Management segment involves in the business of managing the land and related resources in West Texas owned by the Trust. The Water Service and Operations segment consists of revenues from royalties on sales of water, direct sales of water and to a lesser extent, easements, and sundry income. The company was founded on February 1, 1888 and is headquartered in Dallas, TX.
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