Texas Pacific Land Corp. (TPL) Receives Overweight Rating and $1,050 Price Target from KeyBanc

KeyBanc Capital Markets announced on December 2 2025 that it has initiated coverage of Texas Pacific Land Corp. (TPL) with an Overweight rating. The brokerage firm has set a target price of US $1,050 for the company’s shares.

Context of the Rating

The Overweight designation follows KeyBanc’s assessment that TPL is well positioned to exploit current market opportunities in the energy and land‑management sectors. The rating is consistent across multiple outlets, including Seeking Alpha, Investing.com, and StreetInsider, all reporting the same recommendation and price target.

Company Overview

  • Industry: Energy
  • Headquarters: Dallas, Texas
  • Primary Exchange: New York Stock Exchange
  • Market Capitalization: US $19.86 billion
  • Trailing P/E Ratio: 41.89
  • Recent Close Price (2025‑11‑30): US $853.74
  • 52‑Week Range: US $838.27 (low) – US $1,565 (high)

TPL’s revenue streams include land sales, oil and gas royalties, grazing leases, and interest income. The company operates as a trust that issues transferable certificates of proprietary interest proportional to the holders of certain debt securities of the Texas and Pacific Railway Co.

Implications for Investors

The Overweight rating indicates that KeyBanc expects TPL’s shares to outperform the broader market over the next twelve months. The $1,050 target price represents a potential upside of approximately 23 % from the most recent close. Analysts highlight the company’s diversified income base and its exposure to the growing demand for energy and land assets as key drivers behind the positive outlook.

Market Reaction

While the announcement has not yet triggered a significant market move, the alignment of multiple research firms on the rating and target price may influence trading activity in the near term. Investors monitoring TPL should consider the company’s strong fundamentals and the optimistic assessment from a respected investment bank.

This article summarizes publicly available information about Texas Pacific Land Corp. as of December 2 2025. No additional data or speculation beyond the provided sources has been included.