▼ -4.45% Downside 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 -4.45% upside from the last price of $1,757.70.
The current consensus among 2 contributing investment analysts is to buy stock in Texas Pacific Land. This rating has held steady since January 2021, when it changed from a Hold consensus rating.
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 approximately 880,000 acres of land. This segment also holds oil and gas royalty interests; easements and commercial leases comprising easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; and agreements with operators and midstream companies to lease its land, primarily for facilities and roads. In addition, this segment is involved in material sales, including caliche. The company's Water Services and Operations segment provides full-service water offerings, including water sourcing, produced-water gathering/treatment, infrastructure development, disposal solutions, water tracking, analytics, and well testing services to operators in the Permian Basin. This segment also engages in the recycled water operations; and holds royalties for water sourced from its land. The company was founded in 1888 and is headquartered in Dallas, Texas.