Texas Pacific Land (NYSE:TPL) Announces Earnings Results

Texas Pacific Land (NYSE:TPL) posted its quarterly earnings results on Wednesday. The financial services provider reported $5.14 EPS for the quarter, Zacks reports. Texas Pacific Land had a return on equity of 40.57% and a net margin of 65.34%.

Texas Pacific Land Stock Performance

Texas Pacific Land stock traded down $3.92 during midday trading on Wednesday, reaching $1,406.92. 121,358 shares of the company’s stock were exchanged, compared to its average volume of 124,149. Texas Pacific Land has a 52 week low of $493.40 and a 52 week high of $1,769.14. The firm has a market cap of $32.33 billion, a price-to-earnings ratio of 72.19 and a beta of 1.68. The stock’s 50-day simple moving average is $1,275.20 and its 200 day simple moving average is $1,142.49.

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.