TXO Partners LP (TXO) closed the most recent trading day at $12.54, moving -1.03% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.81%. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, added 1.26%.
Shares of the company have appreciated by 8.76% over the course of the past month, underperforming the Oils-Energy sector's gain of 11.53%, and outperforming the S&P 500's loss of 0.25%.
Investors will be eagerly watching for the performance of TXO Partners LP in its upcoming earnings disclosure. The company is expected to report EPS of $0.1, down 61.54% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $111.09 million, up 24.36% from the prior-year 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 +36.55%, respectively.
Investors might also notice recent changes to analyst estimates for TXO Partners LP. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 past month, the Zacks Consensus EPS estimate has shifted 29.87% upward. Right now, TXO Partners LP possesses a Zacks Rank of #3 (Hold).
Digging into valuation, TXO Partners LP currently has a Forward P/E ratio of 25.34. This valuation marks a premium compared to its industry average Forward P/E of 12.96.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 210, this industry ranks in the bottom 15% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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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