TXO Partners (NYSE:TXO) Upgraded at Zacks Research

TXO Partners (NYSE:TXO – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday, Zacks reports.

Other research analysts also recently issued reports about the company. Weiss Ratings upgraded TXO Partners from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Wall Street Zen upgraded shares of TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, TXO Partners has an average rating of “Buy” and a consensus target price of $18.50.

Get TXO Partners alerts:

Check Out Our Latest Research Report on TXO Partners

TXO Partners Stock Up 0.6%

Shares of TXO Partners stock opened at $15.08 on Thursday. TXO Partners has a twelve month low of $10.12 and a twelve month high of $15.27. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $13.52 and its 200 day moving average is $12.98. The company has a market cap of $836.13 million, a price-to-earnings ratio of -19.58 and a beta of 0.06.

TXO Partners (NYSE:TXO – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.96. The business had revenue of $150.87 million for the quarter, compared to analysts’ expectations of $116.24 million. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%. Research analysts anticipate that TXO Partners will post 0.58 EPS for the current year.

Insider Activity

In related news, Director Bob Simpson bought 125,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $14.32 per share, with a total value of $1,790,000.00. Following the transaction, the director owned 9,500,000 shares in the company, valued at $136,040,000. This trade represents a 1.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have bought 500,000 shares of company stock worth $6,898,945.

Hedge Funds Weigh In On TXO Partners

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of TXO Partners by 100.2% during the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $28,000 after purchasing an additional 1,303 shares during the last quarter. Allied Private Wealth LLC bought a new position in shares of TXO Partners in the second quarter worth about $30,000. State of Wyoming purchased a new position in TXO Partners in the 2nd quarter worth about $45,000. Kestra Advisory Services LLC purchased a new position in TXO Partners in the 4th quarter worth about $49,000. Finally, Fund Advisors of America Inc FL bought a new stake in TXO Partners during the 4th quarter valued at about $115,000. Institutional investors own 27.44% of the company’s stock.

About TXO Partners

(Get Free Report)

TXO Partners is an independent upstream oil and natural gas company focused on the acquisition, development and production of unconventional resource plays in the United States. The firm holds working interests in producing and non-producing acreage, primarily targeting liquids-rich areas to optimize cash flow generation and capital efficiency. Its core business involves identifying under-developed assets, engineering cost-effective drilling programs and applying advanced completion techniques to enhance well performance.

The company’s operations are concentrated in key domestic basins, where horizontal drilling and multi-stage fracturing have unlocked significant reserves.

Read More

• Five stocks we like better than TXO Partners
• MarketBeat Week in Review – 08/31 – 09/04
• Revolution Medicines Got Its Breakthrough—What Moves It Next?
• Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
• FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism

Receive News & Ratings for TXO Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TXO Partners and related companies with MarketBeat.com's FREE daily email newsletter.