Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Texas Pacific Land Trust (TPL) Stock Price
News stories about Texas Pacific Land Trust (NYSE:TPL) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Texas Pacific Land Trust earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.4429721566718 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Separately, ValuEngine cut shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Shares of Texas Pacific Land Trust (NYSE TPL) traded up $3.64 on Wednesday, hitting $413.12. 11,263 shares of the stock were exchanged, compared to its average volume of 18,260. Texas Pacific Land Trust has a fifty-two week low of $259.00 and a fifty-two week high of $434.99. The stock has a market cap of $3,137.58, a PE ratio of 45.85 and a beta of 0.92.
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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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