Analyst Price Target is $1,679.50
▲ +29.15% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Texas Pacific Land in the last 3 months. The average price target is $1,679.50, with a high forecast of $2,000.00 and a low forecast of $1,359.00. The average price target represents a 29.15% upside from the last price of $1,300.40.
Current Consensus is
Buy
The current consensus among 2 contributing investment analysts is to buy stock in Texas Pacific Land. This rating has held steady since December 2020, when it changed from a Hold consensus rating.
Texas Pacific Land Corp. operates as a landowner in the State of Texas. Its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of the firm's land, revenue for sales of materials used in the construction of infrastructure, providing sourced water and treated produced water, revenue from its oil and gas royalty interests, and revenues related to saltwater disposal on land. The company also generates revenue from pipeline, power line and utility easements, commercial leases, material sales and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities. The company operates through following segment: Land and Resource Management and Water Services and Operations. The Land and Resource Management segment focuses on managing oil and gas royalty interest and surface. The Water Services and Operations segment offers operators an unparalleled breadth of service across the majority of the Permian Basin. The company was founded in April 2020 and is headquartered in Dallas, TX.
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