Texas Pacific Land Stock: Is TPL Underperforming the Energy Sector?

Company Overview - Texas Pacific Land Corporation (TPL) is headquartered in Dallas, Texas, and is valued at $19.3 billion by market cap, deriving income from land sales, oil and gas royalties, grazing leases, and interest [1] - TPL owns 873,000 surface acres and 199,000 net royalty acres in the Permian Basin, providing a competitive edge in the oil & gas exploration and production (E&P) industry [2] Stock Performance - TPL's stock has experienced a significant decline, slipping 43.9% from its 52-week high of $1,462.78 on March 3, and has declined 12.3% over the past three months, underperforming the Energy Select Sector SPDR Fund's (XLE) 2.4% losses [3][4] - Over a six-month period, TPL shares dipped 24.9% and fell 32.5% over the past 52 weeks, also underperforming XLE [4] Financial Results - On November 5, TPL reported Q3 results with revenue of $203.1 million, an 8.3% increase from the previous quarter, and EPS growth of 4.4% to $5.27 [5] Competitive Landscape - In the competitive oil & gas E&P sector, APA Corporation (APA) has outperformed TPL, showing a 16.9% increase over six months and 9.2% gains over the past year [5] Analyst Sentiment - Wall Street analysts have a consensus "Moderate Buy" rating for TPL, with a mean price target of $842.50, indicating a potential upside of 2.7% from current price levels [6]