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KeyBanc Keeps Their Buy Rating on Texas Pacific Land (TPL)

Tipranks - Sat Jan 17, 5:52AM CST

In a report released yesterday, Tim Rezvan from KeyBanc maintained a Buy rating on Texas Pacific Land, with a price target of $350.00. The company’s shares closed yesterday at $330.94.

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Rezvan covers the Energy sector, focusing on stocks such as Matador Resources, SM Energy, and Magnolia Oil & Gas. According to TipRanks, Rezvan has an average return of -8.8% and a 35.21% success rate on recommended stocks.

Texas Pacific Land has an analyst consensus of Moderate Buy, with a price target consensus of $1,050.00, which is a 217.28% upside from current levels. In a report released yesterday, TipRanks – Google also upgraded the stock to a Buy with a $379.00 price target.

Based on Texas Pacific Land’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $203.09 million and a net profit of $121.24 million. In comparison, last year the company earned a revenue of $173.56 million and had a net profit of $106.59 million

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