Texas Pacific Land price target raised to $1,399 from $1,396 at Stifel

Stifel analyst Derrick Whitfield raised the firm’s price target on Texas Pacific Land to $1,399 from $1,396 and keeps a Hold rating on the shares. In preparation for the Q1 earnings season, Stifel is updating its commodity estimates to reflect strip prices through 2025 as well as revising its production and capital forecasts to reflect information from recent management discussions. The firm is adjusting Q1 estimates for rig count, capex, and EBITDAX as well as raising its 12-month price targets.