KeyBanc Reaffirms Their Buy Rating on Texas Pacific Land (TPL)
KeyBanc analyst Tim Rezvan maintained a Buy rating on Texas Pacific Land yesterday and set a price target of $639.00. The company’s shares closed yesterday at $439.20.
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Rezvan covers the Energy sector, focusing on stocks such as SM Energy, Magnolia Oil & Gas, and Matador Resources. According to TipRanks, Rezvan has an average return of -2.9% and a 47.30% success rate on recommended stocks.
Texas Pacific Land has an analyst consensus of Moderate Buy, with a price target consensus of $639.00, a 45.49% upside from current levels. In a report released on March 26, TipRanks – Google also reiterated a Buy rating on the stock with a $626.00 price target.
Based on Texas Pacific Land’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $211.58 million and a net profit of $123.35 million. In comparison, last year the company earned a revenue of $185.78 million and had a net profit of $118.36 million
Based on the recent corporate insider activity of 326 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, HORIZON KINETICS ASSET MANAGEMENT LLC, a Major Shareholder at TPL bought 1.00 shares for a total of $470.18.
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