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Texas Pacific (TPL) Gains As Market Dips: What You Should Know
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In the latest trading session, Texas Pacific (TPL - Free Report) closed at $2,084.40, marking a +0.67% move from the previous day. This move outpaced the S&P 500's daily loss of 0.02%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq added 5.44%.
Prior to today's trading, shares of the landowner had lost 16.53% over the past month. This has lagged the Oils-Energy sector's gain of 2.6% and the S&P 500's gain of 4.57% in that time.
Texas Pacific will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $15.14, up 48.29% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $185.21 million, up 25.84% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Texas Pacific. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Texas Pacific is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Texas Pacific is holding a Forward P/E ratio of 32.75. This represents a premium compared to its industry's average Forward P/E of 24.56.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 173, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Texas Pacific (TPL) Gains As Market Dips: What You Should Know
In the latest trading session, Texas Pacific (TPL - Free Report) closed at $2,084.40, marking a +0.67% move from the previous day. This move outpaced the S&P 500's daily loss of 0.02%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq added 5.44%.
Prior to today's trading, shares of the landowner had lost 16.53% over the past month. This has lagged the Oils-Energy sector's gain of 2.6% and the S&P 500's gain of 4.57% in that time.
Texas Pacific will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $15.14, up 48.29% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $185.21 million, up 25.84% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Texas Pacific. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Texas Pacific is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Texas Pacific is holding a Forward P/E ratio of 32.75. This represents a premium compared to its industry's average Forward P/E of 24.56.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 173, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.