Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Texas Pacific Land Trust (TPL) Stock Price
News stories about Texas Pacific Land Trust (NYSE:TPL) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Texas Pacific Land Trust earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.3904174271105 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Texas Pacific Land Trust (NYSE:TPL) Sees Unusual Trading Volume in Its Shares (highlightpress.com)
- Texas Pacific Land Trust (TPL) Receives Consensus Rating of “” from Analysts (americanbankingnews.com)
- Texas Pacific Land Trust (NYSE:TPL) Stock Traded Well Above Its 50 Day Average (highlightpress.com)
- Texas Pacific Land Trust (NYSE:TPL) Closed Much Higher Than Its 50 Day Moving Average (highlightpress.com)
Separately, BidaskClub raised Texas Pacific Land Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th.
Texas Pacific Land Trust (NYSE:TPL) opened at 385.12 on Wednesday. The stock has a 50 day moving average price of $342.77 and a 200-day moving average price of $304.27. Texas Pacific Land Trust has a 1-year low of $170.00 and a 1-year high of $389.02. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 59.19 and a beta of 0.99.
Texas Pacific Land Trust (NYSE:TPL) last issued its earnings results on Monday, July 31st. The financial services provider reported $2.12 earnings per share (EPS) for the quarter. Texas Pacific Land Trust had a net margin of 73.06% and a return on equity of 112.96%. The company had revenue of $27.36 million during the quarter.
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About Texas Pacific Land Trust
Texas Pacific Land Trust (the Trust) is engaged in managing land, including royalty interests, for the benefit of its owners. The Company operates through managing the land segment, which includes sales and leases of such land, and the retention of oil and gas royalties. The Trust derives revenue from all avenues of managing the land, such as oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales.
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