TXO Partners (NYSE:TXO) Releases Earnings Results, Misses Expectations By $0.80 EPS

TXO Partners (NYSE:TXO) posted its quarterly earnings data on Tuesday. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.80), FiscalAI reports. The firm had revenue of $55.09 million during the quarter, compared to the consensus estimate of $102.05 million. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%.

TXO Partners Price Performance

Shares of NYSE TXO traded down $0.01 during trading on Tuesday, hitting $13.60. The company had a trading volume of 110,722 shares, compared to its average volume of 183,341. TXO Partners has a 52 week low of $10.12 and a 52 week high of $15.58. The business’s 50-day moving average is $14.39 and its 200 day moving average is $13.13. The company has a market cap of $754.06 million, a P/E ratio of -17.66 and a beta of 0.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05.

Insider Buying and Selling at TXO Partners

In related news, Director Bob Simpson bought 125,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $14.32 per share, for a total transaction of $1,790,000.00. Following the acquisition, the director directly owned 9,500,000 shares of the company’s stock, valued at $136,040,000. The trade was a 1.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders acquired 400,000 shares of company stock worth $5,638,250.

Analyst Ratings Changes

Several brokerages recently weighed in on TXO. Weiss Ratings raised TXO Partners from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, October 26th. Stifel Nicolaus started coverage on shares of TXO Partners in a research report on Thursday, September 10th. They issued a “buy” rating and a $17.00 price target on the stock. Zacks Research raised shares of TXO Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Wall Street Zen upgraded shares of TXO Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 26th. Finally, Stephens initiated coverage on shares of TXO Partners in a research note on Wednesday, October 7th. They issued an “overweight” rating and a $22.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $19.00.

TXO Partners Company Profile

TXO Partners, L.P. (NYSE: TXO) is an independent oil and natural gas company focused on acquiring, developing and exploiting producing properties. The company’s operations are centered on mature, conventional oil and natural gas assets, with an emphasis on generating production and cash flow from properties that may offer additional development or operating opportunities.

TXO Partners primarily operates in the Permian Basin, one of the largest oil-producing regions in the United States.