Texas Pacific Land Corporation (TPL)’s share was trading at $1110.14 as of 2nd June. TPL’s trailing and forward P/E were 55.53 and 37.74 respectively according to Yahoo Finance.

In trading on Monday, shares of Texas Pacific Land Corp (Symbol: TPL) entered into oversold territory, hitting an RSI reading of 27.4, after changing hands as low as $1040.62 per share.

This will translate into dismal performance for TPL stock. The average price target at $1,280 already implies downside. Plus, there are far better bets to make if you’re paying that much.

Texas Pacific Land Corporation (NYSE:TPL)’s share was trading at $1107.43 as of Dec 30th. TPL’s trailing and forward P/E were 56.82 and 37.74 respectively according to […] ...