We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TXO Partners LP (TXO) Exceeds Market Returns: Some Facts to Consider
Read MoreHide Full Article
In the latest trading session, TXO Partners LP (TXO - Free Report) closed at $13.75, marking a +1.1% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.3%. Meanwhile, the Dow experienced a drop of 0.48%, and the technology-dominated Nasdaq saw an increase of 0.03%.
Coming into today, shares of the company had lost 6.79% in the past month. In that same time, the Oils-Energy sector gained 1.33%, while the S&P 500 gained 2.09%.
The investment community will be paying close attention to the earnings performance of TXO Partners LP in its upcoming release. On that day, TXO Partners LP is projected to report earnings of $0.09 per share, which would represent year-over-year growth of 800%. In the meantime, our current consensus estimate forecasts the revenue to be $96.2 million, indicating a 39.97% growth compared to the corresponding quarter of the prior year.
TXO's full-year Zacks Consensus Estimates are calling for earnings of $0.23 per share and revenue of $372.59 million. These results would represent year-over-year changes of -64.62% and +31.75%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for TXO Partners LP. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 70.13% decrease. At present, TXO Partners LP boasts a Zacks Rank of #4 (Sell).
In terms of valuation, TXO Partners LP is currently trading at a Forward P/E ratio of 59.13. Its industry sports an average Forward P/E of 12.92, so one might conclude that TXO Partners LP is trading at a premium comparatively.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 212, this industry ranks in the bottom 15% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TXO in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
TXO Partners LP (TXO) Exceeds Market Returns: Some Facts to Consider
In the latest trading session, TXO Partners LP (TXO - Free Report) closed at $13.75, marking a +1.1% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.3%. Meanwhile, the Dow experienced a drop of 0.48%, and the technology-dominated Nasdaq saw an increase of 0.03%.
Coming into today, shares of the company had lost 6.79% in the past month. In that same time, the Oils-Energy sector gained 1.33%, while the S&P 500 gained 2.09%.
The investment community will be paying close attention to the earnings performance of TXO Partners LP in its upcoming release. On that day, TXO Partners LP is projected to report earnings of $0.09 per share, which would represent year-over-year growth of 800%. In the meantime, our current consensus estimate forecasts the revenue to be $96.2 million, indicating a 39.97% growth compared to the corresponding quarter of the prior year.
TXO's full-year Zacks Consensus Estimates are calling for earnings of $0.23 per share and revenue of $372.59 million. These results would represent year-over-year changes of -64.62% and +31.75%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for TXO Partners LP. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 70.13% decrease. At present, TXO Partners LP boasts a Zacks Rank of #4 (Sell).
In terms of valuation, TXO Partners LP is currently trading at a Forward P/E ratio of 59.13. Its industry sports an average Forward P/E of 12.92, so one might conclude that TXO Partners LP is trading at a premium comparatively.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 212, this industry ranks in the bottom 15% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TXO in the coming trading sessions, be sure to utilize Zacks.com.