TXO Partners LP (TXO) closed the most recent trading day at $17, moving +0.29% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.28%, and the technology-dominated Nasdaq saw a decrease of 0.1%.
Shares of the company have depreciated by 11.49% over the course of the past month, underperforming the Oils-Energy sector's loss of 10.24% and the S&P 500's loss of 4.29%.
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 predicted to post an EPS of $0.36, indicating a 9.09% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $88.21 million, indicating a 30.8% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.33 per share and revenue of $326.08 million. These totals would mark changes of +104.62% and +15.3%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for TXO Partners LP. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 25.14% lower. At present, TXO Partners LP boasts a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, TXO Partners LP is currently exchanging hands at a Forward P/E ratio of 12.79. This expresses a premium compared to the average Forward P/E of 11.89 of its industry.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 241, positioning it in the bottom 3% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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