Analyst Price Target is $1,414.00
▼ -7.11% Downside Potential
This price target is based on 1 analysts offering 12 month price targets for Texas Pacific Land in the last 3 months. The average price target is $1,414.00, with a high forecast of $1,414.00 and a low forecast of $1,414.00. The average price target represents a -7.11% upside from the last price of $1,522.27.
Current Consensus is
The current consensus among 1 investment analysts is to hold stock in Texas Pacific Land. This Hold consensus rating has held steady for over two years.
Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company's Land and Resource Management segment manages surface acres of land. This segment also holds own 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 located in the western part of Texas. In addition, this segment engages in easements and commercial leases activities, such as oil, gas and related hydrocarbons, power line and utility easements, and subsurface wellbore easements. Further, this segment leases its land for processing, storage, and compression facilities and roads; and is involved in sale of materials, such as caliche. Its Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water gathering/treatment, infrastructure development, and disposal solutions to operators in the Permian Basin. This segment also holds royalties for water sourced from its land. Texas Pacific Land Corporation was founded in 1888 and is headquartered in Dallas, Texas.