Texas Pacific Land (TPL) to Release Earnings on Wednesday

Texas Pacific Land (NYSE:TPL) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Parties that wish to register for the company’s conference call can do so using this link.

Texas Pacific Land (NYSE:TPL) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $4.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.36 by ($0.38). The business had revenue of $172.33 million during the quarter, compared to analyst estimates of $182.35 million. Texas Pacific Land had a net margin of 66.71% and a return on equity of 41.29%. During the same period in the previous year, the business earned $4.35 earnings per share.

Texas Pacific Land Stock Performance

NYSE TPL opened at $1,108.90 on Wednesday. Texas Pacific Land has a 52-week low of $467.62 and a 52-week high of $1,108.90. The firm has a 50-day moving average of $930.45 and a 200-day moving average of $782.76. The stock has a market cap of $25.48 billion, a PE ratio of 57.04 and a beta of 1.60.

Texas Pacific Land Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $1.17 dividend. This represents a $4.68 annualized dividend and a yield of 0.42%. The ex-dividend date was Tuesday, September 3rd. Texas Pacific Land’s dividend payout ratio is currently 24.07%.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and set a $917.00 price objective on shares of Texas Pacific Land in a research report on Monday, August 12th.

About Texas Pacific Land

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.