Texas Pacific Land stock saw its IBD SmartSelect Composite Rating jump to 96 Thursday, 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 stock has been trading in a consolidation, dipping below its 50-day moving average. While it's not currently in a buying range right now, this oil trust stock belongs on your watchlist.
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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 land and resource management company reported a 5% rise in earnings for Q4. Sales growth rose 11%, up from 10% in the prior quarter. The company has now posted increasing growth in each of the last two reports.
Texas Pacific Land stock holds the No. 1 rank among its peers in the Oil & Gas-Royalty Trust industry group. Sabine Royalty Tr UBI and Cross Timbers 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.
