Positive Press Coverage Somewhat Unlikely to Impact Texas Pacific Land Trust (NYSE:TPL) Share Price

News coverage about Texas Pacific Land Trust (NYSE:TPL) has trended positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Texas Pacific Land Trust earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.7462917088857 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Separately, BidaskClub upgraded shares of Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 31st.

Texas Pacific Land Trust (TPL) traded down 0.44% during trading on Wednesday, hitting $381.50. 38,147 shares of the stock traded hands. The stock has a market cap of $3.00 billion, a P/E ratio of 58.63 and a beta of 0.99. The firm’s 50-day moving average is $325.50 and its 200-day moving average is $300.88. Texas Pacific Land Trust has a 12 month low of $170.00 and a 12 month high of $387.50.

Texas Pacific Land Trust (NYSE:TPL) last released its earnings results on Monday, July 31st. The financial services provider reported $2.12 EPS for the quarter. Texas Pacific Land Trust had a return on equity of 112.96% and a net margin of 73.06%. The company had revenue of $27.36 million during the quarter.

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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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