Texas Pacific Land traded at $522.30 this Thursday March 26th, decreasing $8.10 or 1.53 percent since the previous trading session. Looking back, over the last four weeks, Texas Pacific Land lost 0.38 percent. Over the last 12 months, its price rose by 17.64 percent. Looking ahead, we forecast Texas Pacific Land to be priced at 514.49 by the end of this quarter and at 469.56 in one year, according to Trading Economics global macro models projections and analysts expectations.
Texas Pacific Land Corp is engaged in managing land, including royalty interests, for the benefit of its owners. The Company’s operating segments are Land and Resource Management, and Water Services and Operations. The Company operates as a landowner in the State of Texas with approximately 880,000 acres of land in West Texas. The Land and Resource Management segment focuses on managing TPL’s oil and gas royalty interest and surface acres located in over 19 different counties. Its revenue streams principally consist of oil and gas royalties, commercial lease, land sales, easements and materials sales. Its Water Services and Operations offers various solutions, such as water sourcing, infrastructure development, water tracking, analytics, well testing, produced water gathering/treatment/recycling and produced water disposal services.