Texas Pacific Land Trust (NYSE:TPL) Releases Quarterly Earnings Results

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

Texas Pacific Land Trust (TPL) traded up 0.85% during mid-day trading on Friday, reaching $368.30. 17,787 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $332.60 and its 200 day moving average is $302.26. The stock has a market capitalization of $2.89 billion, a PE ratio of 56.60 and a beta of 0.99. Texas Pacific Land Trust has a 1-year low of $170.00 and a 1-year high of $387.50.

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Separately, BidaskClub upgraded shares of Texas Pacific Land Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 13th.

Texas Pacific Land Trust Company Profile

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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