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TXO Partners LP (TXO) Gains As Market Dips: What You Should Know
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In the latest trading session, TXO Partners LP (TXO - Free Report) closed at $12.60, marking a +2.61% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.04%. Meanwhile, the Dow experienced a drop of 0.57%, and the technology-dominated Nasdaq saw an increase of 0.04%.
Heading into today, shares of the company had lost 2.38% over the past month, outpacing the Oils-Energy sector's loss of 3.74% and lagging the S&P 500's gain of 12.24%.
The upcoming earnings release of TXO Partners LP will be of great interest to investors. The company is forecasted to report an EPS of -$0.02, showcasing a 108.33% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $109.78 million, indicating a 30.19% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.6 per share and a revenue of $470.75 million, representing changes of +3.45% and +17.39%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for TXO Partners LP. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 10.53% lower. As of now, TXO Partners LP holds a Zacks Rank of #3 (Hold).
Investors should also note TXO Partners LP's current valuation metrics, including its Forward P/E ratio of 20.64. This denotes a premium relative to the industry average Forward P/E of 14.14.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 230, placing it within the bottom 6% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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TXO Partners LP (TXO) Gains As Market Dips: What You Should Know
In the latest trading session, TXO Partners LP (TXO - Free Report) closed at $12.60, marking a +2.61% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.04%. Meanwhile, the Dow experienced a drop of 0.57%, and the technology-dominated Nasdaq saw an increase of 0.04%.
Heading into today, shares of the company had lost 2.38% over the past month, outpacing the Oils-Energy sector's loss of 3.74% and lagging the S&P 500's gain of 12.24%.
The upcoming earnings release of TXO Partners LP will be of great interest to investors. The company is forecasted to report an EPS of -$0.02, showcasing a 108.33% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $109.78 million, indicating a 30.19% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.6 per share and a revenue of $470.75 million, representing changes of +3.45% and +17.39%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for TXO Partners LP. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 10.53% lower. As of now, TXO Partners LP holds a Zacks Rank of #3 (Hold).
Investors should also note TXO Partners LP's current valuation metrics, including its Forward P/E ratio of 20.64. This denotes a premium relative to the industry average Forward P/E of 14.14.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 230, placing it within the bottom 6% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.