Texas Pacific Land Stock Price on May 16, 2024
| TPL Stock | USD 766.71 43.43 6.00% |
Below is the normalized historical share price chart for Texas Pacific Land extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Texas Pacific stands at 766.71, as last reported on the 12th of June 2024, with the highest price reaching 773.50 and the lowest price hitting 706.86 during the day.
If you're considering investing in Texas Stock, it is important to understand the factors that can impact its price. Texas Pacific appears to be very steady, given 3 months investment horizon. Texas Pacific Land owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Texas Pacific's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please review Texas Pacific's Semi Deviation of 1.25, risk adjusted performance of 0.1272, and Coefficient Of Variation of 522.97 to confirm if our risk estimates are consistent with your expectations.
At this time, Texas Pacific's Stock Based Compensation To Revenue is quite stable compared to the past year. . At this time, Texas Pacific's Price To Book Ratio is quite stable compared to the past year. Price Cash Flow Ratio is expected to rise to 30.32 this year, although the value of Price Earnings To Growth Ratio is projected to rise to (3.26). Texas Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 31st of December 1987 | 200 Day MA 565.7819 | 50 Day MA 595.9358 | Beta 1.618 |
Texas |
Sharpe Ratio = 0.1656
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Estimated Market Risk
| 3.66 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.61 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 12 88% of assets perform better |
Based on monthly moving average Texas Pacific is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Texas Pacific by adding it to a well-diversified portfolio.
Price Book 13.3577 | Enterprise Value Ebitda 26.3788 | Price Sales 22.0628 | Shares Float 21.9 M | Dividend Share 4.423 |
Texas Pacific Main Headline on 16th of May 2024
Acquisition by Horizon Kinetics Asset Management Llc of trad... by Horizon Kinetics Asset Management Llc
Filed transaction by Texas Pacific Land 10 Percent Owner. Grant, award or other acquisition pursuant to Rule 16b-3(d)
Texas Pacific Valuation on May 16, 2024
It is possible to determine the worth of Texas Pacific on a given historical date. On May 16, 2024 Texas was worth 602.22 at the beginning of the trading date compared to the closed value of 607.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Texas Pacific stock. Still, in general, we apply an absolute valuation method to find Texas Pacific's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Texas Pacific where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Texas Pacific's related companies.
| Open | High | Low | Close | Volume | |
| 606.31 | 606.33 | 597.59 | 600.39 | 71,451 | |
05/16/2024 | 602.22 | 611.60 | 597.51 | 607.36 | 62,141 |
| 612.77 | 615.74 | 608.84 | 609.06 | 40,471 |
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Texas Pacific Trading Date Momentum on May 16, 2024
| On May 17 2024 Texas Pacific Land was traded for 609.06 at the closing time. Highest Texas Pacific's price during the trading hours was 615.74 and the lowest price during the day was 608.84 . The net volume was 40.5 K. The overall trading history on the 17th of May 2024 contributed to the next trading period price upswing. The trading price change to the next next day price was 0.28% . The trading price change to current price is 1.27% . |
Texas Pacific Land Fundamentals Correlations and Trends
By evaluating Texas Pacific's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Texas Pacific's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Texas financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Texas Pacific Stock history
Texas Pacific investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Texas is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Texas Pacific Land will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Texas Pacific stock prices may prove useful in developing a viable investing in Texas Pacific
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 23.1 M | 24.2 M | |
| Net Income Applicable To Common Shares | 513.3 M | 539 M |
Texas Pacific Quarterly Net Working Capital |
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Texas Pacific Stock Technical Analysis
Texas Pacific technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Texas Pacific Period Price Range
Low | May 16, 2024
| High |
602.22 | 607.36 |
Texas Pacific June 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Texas Pacific stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Texas Pacific shares will generate the highest return on investment. By undertsting and applying Texas Pacific stock market strength indicators, traders can identify Texas Pacific Land entry and exit signals to maximize returns
| Accumulation Distribution | 1431.6 | |||
| Daily Balance Of Power | 0.3648 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 604.56 | |||
| Day Typical Price | 605.49 | |||
| Market Facilitation Index | 2.0E-4 | |||
| Price Action Indicator | 5.38 | |||
| Period Momentum Indicator | 159.35 |
Texas Pacific Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Texas Pacific's price direction in advance. Along with the technical and fundamental analysis of Texas Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Texas to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1272 | |||
| Jensen Alpha | 0.6769 | |||
| Total Risk Alpha | 0.7032 | |||
| Sortino Ratio | 0.3309 | |||
| Treynor Ratio | 0.6615 |
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Additional Information and Resources on Investing in Texas Stock
When determining whether Texas Pacific Land is a strong investment it is important to analyze Texas Pacific's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Texas Pacific's future performance. For an informed investment choice regarding Texas Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Texas Pacific Land. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Texas Pacific. If investors know Texas will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Texas Pacific listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.325 | Dividend Share 4.423 | Earnings Share 18.81 | Revenue Per Share 28.637 | Quarterly Revenue Growth 0.19 |
The market value of Texas Pacific Land is measured differently than its book value, which is the value of Texas that is recorded on the company's balance sheet. Investors also form their own opinion of Texas Pacific's value that differs from its market value or its book value, called intrinsic value, which is Texas Pacific's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Texas Pacific's market value can be influenced by many factors that don't directly affect Texas Pacific's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Texas Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Texas Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Texas Pacific's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.