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TXO Partners LP (TXO) Gains As Market Dips: What You Should Know
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TXO Partners LP (TXO - Free Report) closed at $14.19 in the latest trading session, marking a +2.16% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.52% for the day. On the other hand, the Dow registered a loss of 1.24%, and the technology-centric Nasdaq decreased by 0.21%.
The stock of company has fallen by 2.73% in the past month, lagging the Oils-Energy sector's gain of 5.63% and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of TXO Partners LP in its upcoming earnings disclosure. On that day, TXO Partners LP is projected to report earnings of $0.22 per share, which would represent year-over-year growth of 175%. In the meantime, our current consensus estimate forecasts the revenue to be $90.16 million, indicating a 10.62% decline compared to the corresponding quarter of the prior year.
TXO's full-year Zacks Consensus Estimates are calling for earnings of $0.6 per share and revenue of $383.45 million. These results would represent year-over-year changes of +3.45% and -4.38%, respectively.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.45% increase. Right now, TXO Partners LP possesses a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, TXO Partners LP is currently exchanging hands at a Forward P/E ratio of 23.15. This indicates a premium in contrast to its industry's Forward P/E of 14.56.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 24, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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TXO Partners LP (TXO) Gains As Market Dips: What You Should Know
TXO Partners LP (TXO - Free Report) closed at $14.19 in the latest trading session, marking a +2.16% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.52% for the day. On the other hand, the Dow registered a loss of 1.24%, and the technology-centric Nasdaq decreased by 0.21%.
The stock of company has fallen by 2.73% in the past month, lagging the Oils-Energy sector's gain of 5.63% and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of TXO Partners LP in its upcoming earnings disclosure. On that day, TXO Partners LP is projected to report earnings of $0.22 per share, which would represent year-over-year growth of 175%. In the meantime, our current consensus estimate forecasts the revenue to be $90.16 million, indicating a 10.62% decline compared to the corresponding quarter of the prior year.
TXO's full-year Zacks Consensus Estimates are calling for earnings of $0.6 per share and revenue of $383.45 million. These results would represent year-over-year changes of +3.45% and -4.38%, respectively.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.45% increase. Right now, TXO Partners LP possesses a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, TXO Partners LP is currently exchanging hands at a Forward P/E ratio of 23.15. This indicates a premium in contrast to its industry's Forward P/E of 14.56.
The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 24, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.