Texas Pacific Land (TPL) Scheduled to Post Earnings on Wednesday

Texas Pacific Land (NYSE:TPL) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Texas Pacific Land to post earnings of $4.75 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $4.91 earnings per share for the quarter, beating analysts’ consensus estimates of $4.15 by $0.76. Texas Pacific Land had a net margin of 64.22% and a return on equity of 43.57%. The company had revenue of $166.66 million during the quarter, compared to analysts’ expectations of $152.20 million. On average, analysts expect Texas Pacific Land to post $20 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Texas Pacific Land Stock Performance

TPL opened at $561.62 on Monday. Texas Pacific Land has a fifty-two week low of $422.07 and a fifty-two week high of $666.67. The company has a fifty day moving average of $562.58 and a two-hundred day moving average of $544.45. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 31.93 and a beta of 1.59.

Texas Pacific Land Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.1667 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.67 dividend on an annualized basis and a yield of 0.83%. Texas Pacific Land’s payout ratio is 26.55%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TPL. BWS Financial reaffirmed a “buy” rating and issued a $917.00 price objective on shares of Texas Pacific Land in a report on Tuesday, April 2nd. StockNews.com cut shares of Texas Pacific Land from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, Stifel Nicolaus cut their target price on shares of Texas Pacific Land from $519.33 to $471.33 and set a “hold” rating for the company in a research note on Tuesday, January 23rd.

Insider Transactions at Texas Pacific Land

In related news, Director Eric L. Oliver bought 300 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $540.24 per share, with a total value of $162,073.00. Following the completion of the purchase, the director now directly owns 393,300 shares of the company’s stock, valued at $212,477,703. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased 552 shares of company stock valued at $296,005 over the last 90 days. Corporate insiders own 20.04% of the company’s stock.

Texas Pacific Land Company Profile

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company owns a 1/128th nonparticipating perpetual oil and gas royalty interest (NPRI) under approximately 85,000 acres of land; a 1/16th NPRI under approximately 371,000 acres of land; and approximately 4,000 additional net royalty acres, total of approximately 195,000 NRA located in the western part of Texas.