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Texas Pacific Land (STU:9WY) 6-Month Price Index : 1.12 (As of May. 26, 2024)


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What is Texas Pacific Land 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-05-26), Texas Pacific Land's 6-Month Price Index is 1.12.

Competitive Comparison of Texas Pacific Land's 6-Month Price Index

For the Oil & Gas E&P subindustry, Texas Pacific Land's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Texas Pacific Land  (STU:9WY) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Texas Pacific Land  (STU:9WY) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Texas Pacific Land 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Texas Pacific Land's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Texas Pacific Land (STU:9WY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Texas Pacific Land Corp (STU:9WY) » Definitions » 6-Month Price Index
Comparable Companies
OVV APA CHK MRO AR PR EQT RRC SWN MTDR COP HKSE:00883 TSX:CNQ EOG PXD OXY HES MIC:NVTK FANG ASX:WDS
Traded in Other Exchanges
TPL:USA
Address
1700 Pacific Avenue, Suite 2900, Dallas, TX, USA, 75201
Website
https://www.texaspacific.com
Texas Pacific Land Corp is mainly engaged in sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. It operates its business in two segments including Land and Resource Management and Water Service and Operations. The Land and Resource Management segment focuses on managing its oil and gas royalty interest and surface acres located in 19 different counties. The Water Service and Operations segment includes Water Sourcing, Produced Water Gathering / Treatment / Recycling, Infrastructure Development, Produced Water Disposal, Water Tracking / Analytics / Well Testing.

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