Can Texas Pacific Land Corp Continue Its Meteoric Rise?
Dallas-based Texas Pacific Land Corp. owns stakes in oil, gas and mineral production operations. It has several revenue sources to smooth earnings.Wall Street has pegged earnings per share at $59 for the full year, a gain of 69%. Next year, it may rise another 12% to $65.83 per share.Shares are up 61% year-to-date as well as in shorter rolling time frames.Energy, the lone soldier, stands as the only sector with a year-to-date gain. Texas Pacific Land Corporation (NYSE:TPL) leads in price in an industry that offers an alternative way to access oil and gas performance. Q3 2022 hedge fund letters...