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TXO Partners LP (TXO) Increases Despite Market Slip: Here's What You Need to Know
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In the latest close session, TXO Partners LP (TXO - Free Report) was up +1.46% at $13.24. This change outpaced the S&P 500's 1.21% loss on the day. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 2.15%.
Shares of the company have appreciated by 5.75% over the course of the past month, outperforming the Oils-Energy sector's gain of 5.23%, and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of TXO Partners LP in its upcoming release. Alongside, our most recent consensus estimate is anticipating revenue of $109.47 million, indicating a 21.8% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.13 per share and a revenue of $337.78 million, demonstrating changes of -77.59% and -15.77%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for TXO Partners LP. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 67.9% fall in the Zacks Consensus EPS estimate. As of now, TXO Partners LP holds a Zacks Rank of #3 (Hold).
In terms of valuation, TXO Partners LP is currently trading at a Forward P/E ratio of 100.39. This denotes a premium relative to the industry average Forward P/E of 14.68.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 10% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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TXO Partners LP (TXO) Increases Despite Market Slip: Here's What You Need to Know
In the latest close session, TXO Partners LP (TXO - Free Report) was up +1.46% at $13.24. This change outpaced the S&P 500's 1.21% loss on the day. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 2.15%.
Shares of the company have appreciated by 5.75% over the course of the past month, outperforming the Oils-Energy sector's gain of 5.23%, and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of TXO Partners LP in its upcoming release. Alongside, our most recent consensus estimate is anticipating revenue of $109.47 million, indicating a 21.8% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.13 per share and a revenue of $337.78 million, demonstrating changes of -77.59% and -15.77%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for TXO Partners LP. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 67.9% fall in the Zacks Consensus EPS estimate. As of now, TXO Partners LP holds a Zacks Rank of #3 (Hold).
In terms of valuation, TXO Partners LP is currently trading at a Forward P/E ratio of 100.39. This denotes a premium relative to the industry average Forward P/E of 14.68.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 10% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.