Alert: Negative Investment/Fundamental Signals (12/11/23)-Texas Pacific Land Corp (NYSE: TPL)

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Texas Pacific Land Corp (NYSE: TPL) suffers from meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend.

Recent meaningful negative changes in fundamentals have impacted Texas Pacific Land Corp (NYSE: TPL): significant quarterly sales deceleration occurred, the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

TPL is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Texas Pacific Land has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Texas Pacific Land has a slightly negative Appreciation Score of 36 but a good Power Rating of 79, producing the High Neutral Value Trend Rating.

Recent Price Action

Texas Pacific Land Corp (NYSE: TPL) stock rose modestly by 0.6% on 12/11/23. The stock closed at $1554.65. However, unusually low trading volume at 59% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -11.0% during the last week.

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