(VIANEWS) – The NYSE ended the session with Texas Pacific Land jumping 9.91% to $1,610.58 on Thursday, after four successive sessions in a row of losses. NYSE dropped 0.3% to $16,125.42, after two sequential sessions in a row of losses, on what was a somewhat down trend trading session today.
Texas Pacific Land’s last close was $1,465.30, 46.5% under its 52-week high of $2,739.00.
About Texas Pacific Land
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.
Earnings Per Share
As for profitability, Texas Pacific Land has a trailing twelve months EPS of $56.4.
PE Ratio
Texas Pacific Land has a trailing twelve months price to earnings ratio of 28.56. Meaning, the purchaser of the share is investing $28.56 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 55.88%.
Volume
Today’s last reported volume for Texas Pacific Land is 25944 which is 9.35% below its average volume of 28620.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is a negative 22.8% and a negative 22.4%, respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Texas Pacific Land’s stock is considered to be overbought (>=80).
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