Texas Pacific Land (NYSE:TPL) Posts Quarterly Earnings Results

Texas Pacific Land (NYSE:TPL) issued its 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 Trading Down 0.3 %

Shares of NYSE TPL opened at $1,406.92 on Thursday. Texas Pacific Land has a 12 month low of $493.40 and a 12 month high of $1,769.14. The stock has a 50 day moving average of $1,279.22 and a 200-day moving average of $1,144.34. The company has a market capitalization of $32.33 billion, a P/E ratio of 72.19 and a beta of 1.68.

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.