TXO Partners LP (TXO) closed the most recent trading day at $11.45, moving +2.69% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.5% for the day. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.43%.
The company's shares have seen an increase of 5.69% over the last month, not keeping up with the Oils-Energy sector's gain of 7.06% and outstripping the S&P 500's gain of 0.18%.
Analysts and investors alike will be keeping a close eye on the performance of TXO Partners LP in its upcoming earnings disclosure. The company is expected to report EPS of $0.09, down 65.38% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $111.72 million, up 25.06% from the year-ago period.
TXO's full-year Zacks Consensus Estimates are calling for earnings of $0.07 per share and revenue of $386.8 million. These results would represent year-over-year changes of -89.23% and 0%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for TXO Partners LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 7.23% lower within the past month. Currently, TXO Partners LP is carrying a Zacks Rank of #4 (Sell).
From a valuation perspective, TXO Partners LP is currently exchanging hands at a Forward P/E ratio of 28.96. This expresses a premium compared to the average Forward P/E of 12.25 of its industry.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 98, this industry ranks in the top 40% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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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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