In the latest trading session, TXO Partners LP (TXO) 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.
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TXO Partners LP (TXO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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