Texas Pacific Land (TPL) to Release Quarterly Earnings on Wednesday

Texas Pacific Land (NYSE:TPL) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Parties interested in registering for the company’s conference call can do so using this link.

Texas Pacific Land (NYSE:TPL) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $4.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.36 by ($0.38). Texas Pacific Land had a net margin of 66.71% and a return on equity of 41.29%. The company had revenue of $172.33 million for the quarter, compared to analyst estimates of $182.35 million. During the same quarter in the previous year, the company posted $4.35 EPS.

Texas Pacific Land Trading Up 0.6 %

NYSE:TPL opened at $1,172.62 on Monday. The company has a market capitalization of $26.95 billion, a P/E ratio of 60.32 and a beta of 1.56. Texas Pacific Land has a 12 month low of $467.62 and a 12 month high of $1,189.91. The firm has a fifty day simple moving average of $949.96 and a 200-day simple moving average of $793.50.

Texas Pacific Land Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $1.17 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $4.68 annualized dividend and a yield of 0.40%. Texas Pacific Land’s payout ratio is presently 24.07%.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “buy” rating and set a $917.00 target price on shares of Texas Pacific Land in a report on Monday, August 12th.

About Texas Pacific Land

Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company owns 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, total of approximately 195,000 NRA located in the western part of Texas.