NYSE:TPL

592.02
3.01 (0.51%) 1d
0
BUY ON WEAKNESS
He was stopped out in March 2020. Second-largest landholder in Texas. A royalty play for water, fracking, oil, solar panels, etc. The only oil/gas company he'd be interested in. High ROIC, asset light. Concerns about their governance. Massive moat. He'd be interested below $1K. Future is quite bright.
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PAST TOP PICK

(A Top Pick Jan 20/20, Up 7%) A streamer play where they rent land to oil/gas explorers and don't extract it themselves. They're at the mercy of oil prices. He got stopped out of this, though if he were to re-enter oil, this would be one of the two (along with Parex).

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PAST TOP PICK
(A Top Pick Jan 20/20, Down 5%) Second largest holder of land in Texas. They license land to oil exploration and production. He got stopped out. A strong company. Low overhead and capex, no debt. Some corporate governance issues. A sneaky and cheeky way to get oil exposure. Yield is 1.4%.
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BUY ON WEAKNESS
It was a past top pick in January. He got stopped out of this. He still likes it. They are converting from a trust into a corporation, which should attract more investors. They lease out their land for shale exploration and lease water rights. Are also doing solar installations. Have very low operating expenses. They can weather this pandemic, but there could be further weakness in oil. You can nibble away at this at around 14x earnings. Nice dividend. He's buying back in on a dip in the $400s.
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TOP PICK
They are the largest holder of land in the state of Texas. They got their land before oil was discovered. They get royalties for oil taken off their land as well as grazing rights. They just put in a new solar installation and they sell water from their land to fracking companies and then charge them to clean it after they have used it. They are converting from a trust to a corp. It is not a call on where oil goes although there is some exposure. (Analysts’ price target is $937.00)
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Texas Pacific Land Trust(TPL-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Texas Pacific Land Trust is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Texas Pacific Land Trust(TPL-N) Frequently Asked Questions

What is Texas Pacific Land Trust stock symbol?

Texas Pacific Land Trust is a American stock, trading under the symbol TPL-N on the New York Stock Exchange (TPL). It is usually referred to as NYSE:TPL or TPL-N

Is Texas Pacific Land Trust a buy or a sell?

In the last year, there was no coverage of Texas Pacific Land Trust published on Stockchase.

Is Texas Pacific Land Trust a good investment or a top pick?

Texas Pacific Land Trust was recommended as a Top Pick by on . Read the latest stock experts ratings for Texas Pacific Land Trust.

Why is Texas Pacific Land Trust stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Texas Pacific Land Trust worth watching?

0 stock analysts on Stockchase covered Texas Pacific Land Trust In the last year. It is a trending stock that is worth watching.

What is Texas Pacific Land Trust stock price?

On 2024-04-25, Texas Pacific Land Trust (TPL-N) stock closed at a price of $592.02.