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TXO Partners LP (TXO) Declines More Than Market: Some Information for Investors
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TXO Partners LP (TXO - Free Report) ended the recent trading session at $14.80, demonstrating a -2.82% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.45%. On the other hand, the Dow registered a loss of 1.21%, and the technology-centric Nasdaq decreased by 0.01%.
Shares of the company have appreciated by 10.6% over the course of the past month, outperforming the Oils-Energy sector's gain of 3.72%, and the S&P 500's loss of 2.43%.
The upcoming earnings release of TXO Partners LP will be of great interest to investors. The company is predicted to post an EPS of $0.15, indicating a 87.5% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $92.14 million, down 8.66% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.66 per share and revenue of $337.78 million. These totals would mark changes of +13.79% and -15.77%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for TXO Partners LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. Over the past month, the Zacks Consensus EPS estimate has shifted 346.15% upward. TXO Partners LP is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that TXO Partners LP has a Forward P/E ratio of 23.08 right now. For comparison, its industry has an average Forward P/E of 15.02, which means TXO Partners LP is trading at a premium to the group.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 51, positioning it in the top 21% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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TXO Partners LP (TXO) Declines More Than Market: Some Information for Investors
TXO Partners LP (TXO - Free Report) ended the recent trading session at $14.80, demonstrating a -2.82% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.45%. On the other hand, the Dow registered a loss of 1.21%, and the technology-centric Nasdaq decreased by 0.01%.
Shares of the company have appreciated by 10.6% over the course of the past month, outperforming the Oils-Energy sector's gain of 3.72%, and the S&P 500's loss of 2.43%.
The upcoming earnings release of TXO Partners LP will be of great interest to investors. The company is predicted to post an EPS of $0.15, indicating a 87.5% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $92.14 million, down 8.66% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.66 per share and revenue of $337.78 million. These totals would mark changes of +13.79% and -15.77%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for TXO Partners LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. Over the past month, the Zacks Consensus EPS estimate has shifted 346.15% upward. TXO Partners LP is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that TXO Partners LP has a Forward P/E ratio of 23.08 right now. For comparison, its industry has an average Forward P/E of 15.02, which means TXO Partners LP is trading at a premium to the group.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 51, positioning it in the top 21% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.