Somewhat Positive News Coverage Somewhat Unlikely to Impact Texas Pacific Land Trust (TPL) Share Price

News articles about Texas Pacific Land Trust (NYSE:TPL) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Texas Pacific Land Trust earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.5580612149478 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of Texas Pacific Land Trust (TPL) traded down $3.10 on Wednesday, hitting $403.89. 8,000 shares of the stock traded hands, compared to its average volume of 18,775. The company has a market cap of $3,200.00, a PE ratio of 47.00 and a beta of 0.93. Texas Pacific Land Trust has a one year low of $259.00 and a one year high of $434.99.

Texas Pacific Land Trust (NYSE:TPL) last released its quarterly earnings data on Monday, October 30th. The financial services provider reported $3.36 EPS for the quarter. The company had revenue of $42.50 million during the quarter. Texas Pacific Land Trust had a return on equity of 133.04% and a net margin of 69.87%.

Several equities analysts have recently weighed in on TPL shares. ValuEngine cut shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub raised shares of Texas Pacific Land Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th.

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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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