The IBD SmartSelect Composite Rating for Texas Pacific Land increased from 93 to 96 Tuesday.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher rating in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Texas Pacific Land has now climbed above a proper buy zone after clearing the 633.07 buy point in a cup with handle.
Lean How — And When — To Sell Stocks
One weak spot is the company's 73 EPS Rating, which tracks quarterly and annual earnings 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.
The company posted 5% EPS growth for Q4. Revenue growth increased 11%, up from 10% in the prior quarter. That marks two quarters of rising growth.
Texas Pacific Land earns the No. 1 rank among its peers in the Oil & Gas-Royalty Trust industry group. Cross Timbers Royalty Tr and Sabine Royalty Tr UBI 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.
