TXO Partners’ (TXO) “Buy” Rating Reaffirmed at Stifel Nicolaus

TXO Partners (NYSE:TXO)‘s stock had its “buy” rating reiterated by investment analysts at Stifel Nicolaus in a report released on Thursday, Benzinga reports. They presently have a $17.00 price objective on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 10.50% from the company’s current price.

A number of other equities analysts also recently commented on TXO. Zacks Research upgraded shares of TXO Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Weiss Ratings upgraded shares of TXO Partners from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Finally, Wall Street Zen upgraded shares of TXO Partners from a “sell” rating to a “buy” rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $17.50.

TXO Partners Stock Up 1.9%

TXO Partners stock opened at $15.38 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The firm has a market cap of $853.04 million, a P/E ratio of -19.98 and a beta of 0.06. The business has a fifty day moving average of $13.69 and a two-hundred day moving average of $13.04. TXO Partners has a twelve month low of $10.12 and a twelve month high of $15.44.

TXO Partners (NYSE:TXO) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.96. The business had revenue of $150.87 million for the quarter, compared to the consensus estimate of $116.24 million. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%. On average, analysts forecast that TXO Partners will post 0.58 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Bob Simpson acquired 125,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average cost of $14.32 per share, with a total value of $1,790,000.00. Following the transaction, the director directly owned 9,500,000 shares of the company’s stock, valued at $136,040,000. This trade represents a 1.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 500,000 shares of company stock worth $6,898,945 in the last 90 days.

Institutional Trading of TXO Partners

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in TXO Partners by 100.2% during the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $28,000 after purchasing an additional 1,303 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in shares of TXO Partners during the second quarter worth $30,000. State of Wyoming purchased a new stake in shares of TXO Partners during the second quarter valued at $45,000. Kestra Advisory Services LLC purchased a new stake in shares of TXO Partners during the fourth quarter valued at $49,000. Finally, Fund Advisors of America Inc FL purchased a new stake in shares of TXO Partners during the fourth quarter valued at $115,000. Hedge funds and other institutional investors own 27.44% of the company’s stock.

About TXO Partners

TXO Partners is an independent upstream oil and natural gas company focused on the acquisition, development and production of unconventional resource plays in the United States. The firm holds working interests in producing and non-producing acreage, primarily targeting liquids-rich areas to optimize cash flow generation and capital efficiency. Its core business involves identifying under-developed assets, engineering cost-effective drilling programs and applying advanced completion techniques to enhance well performance.

The company’s operations are concentrated in key domestic basins, where horizontal drilling and multi-stage fracturing have unlocked significant reserves.