TXO Partners LP (TXO) closed the most recent trading day at $12.33, moving +2.41% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.47%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.9%.
The stock of company has risen by 14.67% in the past month, leading the Oils-Energy sector's gain of 13.69% and the S&P 500's loss of 0.16%.
The investment community will be closely monitoring the performance of TXO Partners LP in its forthcoming earnings report. The company is forecasted to report an EPS of $0.1, showcasing a 61.54% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $111.09 million, showing a 24.36% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $0.07 per share and a revenue of $386.17 million, demonstrating changes of -89.23% and +36.55%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for TXO Partners LP. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 20.48% higher. TXO Partners LP is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, TXO Partners LP is holding a Forward P/E ratio of 24.08. This signifies a premium in comparison to the average Forward P/E of 12.46 for its industry.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 39% 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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