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TPL
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
12.83B

TPL Texas Pacific Land Corp Forecast, Technical & Fundamental Analysis

a manager and seller of land

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for TPL with price predictions
07:00 PM EST Dec 07, 2023

TPL's Indicator enters downward trend

The Aroon Indicator for TPL entered a downward trend on December 08, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 189 similar instances where the Aroon Indicator formed such a pattern. In of the 189 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 04, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TPL as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for TPL turned negative on December 05, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for TPL crossed bearishly below the 50-day moving average on November 02, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TPL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where TPL's RSI Indicator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TPL advanced for three days, in of 321 cases, the price rose further within the following month. The odds of a continued upward trend are .

TPL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TPL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (13.303) is normal, around the industry mean (6.019). P/E Ratio (32.790) is within average values for comparable stocks, (18.244). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.128). Dividend Yield (0.008) settles around the average of (0.088) among similar stocks. P/S Ratio (20.830) is also within normal values, averaging (126.349).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are ConocoPhillips (NASDAQ:COP), EOG Resources (NASDAQ:EOG), Canadian Natural Resources Limited (NASDAQ:CNQ), Pioneer Natural Resource Co (NASDAQ:PXD), Occidental Petroleum Corp (NASDAQ:OXY), Hess Corp (NASDAQ:HES), Devon Energy Corp (NASDAQ:DVN), Diamondback Energy (NASDAQ:FANG), EQT Corp (NASDAQ:EQT), Marathon Oil Corp (NASDAQ:MRO).

Industry description

The oil and gas production segment includes companies that specialize in exploration, development, and production of oil and natural gas. These companies are focused on upstream operations. Companies typically identify deposits, drill wells, and extract raw materials from underground. The industry also includes related services like rig operations, feasibility studies, machinery rentals etc. Several operators in this industry work with various types of contractors such as engineering procurement and construction contractors, as well as with joint-venture partners and oil field service companies. Oil and gas often involves large fixed costs of production; so, declining crude oil prices, for example, is a potential negative for this industry. Conoco Phillips, EOG Resources, Inc. and Pioneer Natural Resources Company are some examples of companies operating in this space.

Market Cap

The average market capitalization across the Oil & Gas Production Industry is 3.76B. The market cap for tickers in the group ranges from 3.28K to 136.31B. COP holds the highest valuation in this group at 136.31B. The lowest valued company is PSTRQ at 3.28K.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Production Industry was 3%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 6%. DECPD experienced the highest price growth at 1,875%, while WTRV experienced the biggest fall at -54%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Production Industry was 9%. For the same stocks of the Industry, the average monthly volume growth was -12% and the average quarterly volume growth was 60%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 61
Price Growth Rating: 64
SMR Rating: 65
Profit Risk Rating: 76
Seasonality Score: 27 (-100 ... +100)
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A.I. Advisor
published Earnings

TPL is expected to report earnings to rise 2.18% to $14.04 per share on February 21

Texas Pacific Land Corp TPL Stock Earnings Reports
Q4'23
Est.
$14.04
Q3'23
Missed
by $0.53
Q2'23
Beat
by $1.18
Q1'23
Missed
by $2.87
Q4'22
Missed
by $3.29
The last earnings report on November 01 showed earnings per share of $13.74, missing the estimate of $14.27. With 27.92K shares outstanding, the current market capitalization sits at 12.83B.
A.I.Advisor
published Dividends

TPL is expected to pay dividends on December 15, 2023

Texas Pacific Land Corp TPL Stock Dividends
A dividend of $3.25 per share will be paid with a record date of December 15, 2023, and an ex-dividend date of November 30, 2023. The last dividend of $3.25 was paid on September 15. Read more...
A.I. Advisor
published General Information

General Information

a manager and seller of land

Industry OilGasProduction

Profile
Fundamentals
Details
Industry
Investment Trusts Or Mutual Funds
Address
1700 Pacific Avenue
Phone
+1 214 969-5530
Employees
99
Web
https://www.texaspacific.com
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TPL and

Correlation & Price change

A.I.dvisor indicates that over the last year, TPL has been closely correlated with APA. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if TPL jumps, then APA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TPL
1D Price
Change %
TPL100%
+1.95%
APA - TPL
71%
Closely correlated
+1.89%
MUR - TPL
69%
Closely correlated
+1.92%
MGY - TPL
69%
Closely correlated
+2.35%
MRO - TPL
66%
Closely correlated
+1.82%
SM - TPL
66%
Loosely correlated
+2.07%
More

Groups containing TPL

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TPL
1D Price
Change %
TPL100%
+1.95%
TPL
(undefined stocks)
99%
Closely correlated
+2.11%
miscellaneous
(undefined stocks)
95%
Closely correlated
+1.44%
Oil & Gas Production
(undefined stocks)
88%
Closely correlated
+0.59%
Energy Minerals
(undefined stocks)
47%
Loosely correlated
+0.55%