TXO Partners LP (TXO) ended the recent trading session at $11.73, demonstrating a -2.82% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.54% for the day. Elsewhere, the Dow saw an upswing of 1.05%, while the tech-heavy Nasdaq appreciated by 0.56%.
The company's shares have seen an increase of 9.83% over the last month, not keeping up with the Oils-Energy sector's gain of 10.35% and outstripping the S&P 500's gain of 0.74%.
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 $0.1 per share, which would represent a year-over-year decline of 61.54%. Simultaneously, our latest consensus estimate expects the revenue to be $111.09 million, showing a 24.36% escalation compared to the year-ago quarter.
TXO's full-year Zacks Consensus Estimates are calling for earnings of $0.07 per share and revenue of $386.17 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 recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 20.48% rise in the Zacks Consensus EPS estimate. TXO Partners LP is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, TXO Partners LP is currently trading at a Forward P/E ratio of 24.14. For comparison, its industry has an average Forward P/E of 12.33, which means TXO Partners LP is trading at a premium to the group.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 214, finds itself in the bottom 13% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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