Stifel has initated coverage with a price target of $937. Rated “new buy”.
https://thefly.com/landingPageNews.php?id=3014981&headline=TPL-Texas-Pacific-Land-Trust-initiated-
Stifel has initated coverage with a price target of $937. Rated “new buy”.
https://thefly.com/landingPageNews.php?id=3014981&headline=TPL-Texas-Pacific-Land-Trust-initiated-
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Yes! Finally some validation from Wall Street.
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Always late to the party (the time to buy was under $600), but don’t disagree. More good earnings on Jan 31 and decreased legal costs will see this test $900, imo, and C Corp announcement will send it through to NHOY.
Middle East conflict only helps.
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Why do Stifel and TPL themselves refer to it as an ETF?
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Doesn’t show a ton of independent thinking on Stifel’s part to recycle that tag line.
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I prefer it unfollowed. I like it being unnoticed. I guess this was going to happen sooner or later with CS and the C-Corp conversion. Just how it goes. However, its worth a lot lot more than this especially with time. It’s a good real asset to hold. 61% in my portfolio. 10% cash.
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His record with picks at Stifel is not impressive, when looked at over a one year time period. Disappointed he didn’t mention at all the Special Committee which could be a significant event to push the stock higher.
https://www.tipranks.com/analysts/derrick-whitfield
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https://finance.yahoo.com/quote/TPL/analysis?p=TPL Revenue estimate at 419M for 2020. Current quarter estimate at 88M. 2017 and 2018 4th quarters had decreased easement/sundry and decreased water sales. Q3’19 would have been 93.9M if you take out the 4.62M land sale..
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