In the latest trading session, TXO Partners LP (TXO) closed at $14.05, marking a -1.75% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.41%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.31%.
Shares of the company have appreciated by 1.49% over the course of the past month, outperforming the Oils-Energy sector's gain of 0.91%, and lagging the S&P 500's gain of 3.15%.
Market participants will be closely following the financial results of TXO Partners LP in its upcoming release. The company is expected to report EPS of $0.08, up 700% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $99.66 million, indicating a 45% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.23 per share and a revenue of $387.8 million, representing changes of -64.62% and +37.12%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for TXO Partners LP. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, TXO Partners LP boasts a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that TXO Partners LP has a Forward P/E ratio of 62.17 right now. This denotes a premium relative to the industry average Forward P/E of 12.42.
The Energy and Pipeline – Master Limited Partnerships industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 89, finds itself in the top 37% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
