Texas Pacific Land saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before.
The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Texas Pacific Land has now climbed above a proper buy zone after breaking out from a 633.07 buy point in a cup with handle.
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One weak spot is the company's 73 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of D- shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q4, the company reported 5% EPS growth. Revenue growth increased 11%, up from 10% in the prior quarter. The company has now posted rising growth in each of the last two quarters.
Texas Pacific Land earns the No. 1 rank among its peers in the Oil & Gas-Royalty Trust industry group. Sabine Royalty Tr UBI and Permian Basin Royalty Tr are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
