TXO Partners LP (TXO) ended the recent trading session at $14.02, demonstrating a +1.45% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.55%. Elsewhere, the Dow lost 0.19%, while the tech-heavy Nasdaq lost 0.95%.
The stock of company has fallen by 1.43% in the past month, lagging the Oils-Energy sector's gain of 1.1% and the S&P 500's gain of 3.64%.
The investment community will be closely monitoring the performance of TXO Partners LP in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.08, reflecting a 700% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $99.66 million, indicating a 45% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.23 per share and a revenue of $387.8 million, demonstrating changes of -64.62% and +37.12%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for TXO Partners LP. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 past month, the Zacks Consensus EPS estimate has shifted 4.55% upward. TXO Partners LP currently has a Zacks Rank of #4 (Sell).
From a valuation perspective, TXO Partners LP is currently exchanging hands at a Forward P/E ratio of 60.09. This represents a premium compared to its industry average Forward P/E of 12.37.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 210, positioning it in the bottom 15% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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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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