Texas Pacific Land Corporation is a landowner in the state of Texas with approximately 873,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. Co. operates in two segments. Its Land and Resource Management segment encompasses the business of managing its approximately 873,000 surface acres of land and its oil and gas royalty interests in West Texas, principally concentrated in the Permian Basin. This segment consists primarily of royalties from oil and gas, revenues from easements, commercial leases and renewables, and land and material sales.
When researching a stock like Texas Pacific Land, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from TPL Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for TPL stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the TPL 200 day moving average ("TPL 200 DMA"), while one of the most popular "shorter look-backs" is the TPL 50 day moving average ("TPL 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Texas Pacific Land. |