Stifel Nicolaus Reiterates Buy Rating for TXO Partners (NYSE:TXO)

Key Points

• Stifel Nicolaus reaffirmed its Buy rating on TXO Partners with a $17.00 price target, implying 10.5% upside from the prior close. The analyst consensus is also Buy, with a $17.50 target.
• TXO Partners reported quarterly EPS of $1.07, beating the $0.11 estimate, while revenue of $150.87 million exceeded the $116.24 million consensus.
• Director Bob Simpson purchased 125,000 shares worth $1.79 million, contributing to 500,000 shares acquired by insiders during the quarter.

TXO Partners (NYSE:TXO - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Stifel Nicolaus in a report released on Thursday, Benzinga reports. They presently have a $17.00 target price on the stock. Stifel Nicolaus' target price would suggest a potential upside of 10.50% from the stock's previous close.

Several other analysts also recently weighed in on TXO. Weiss Ratings upgraded TXO Partners from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, August 21st. Zacks Research upgraded shares of TXO Partners from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 3rd. Finally, Wall Street Zen raised shares of TXO Partners from a "sell" rating to a "buy" rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $17.50.

TXO Partners Stock Up 1.9%

NYSE TXO opened at $15.38 on Thursday. The company has a fifty day moving average of $13.69 and a two-hundred day moving average of $13.04. The firm has a market capitalization of $853.04 million, a price-to-earnings ratio of -19.98 and a beta of 0.06. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. TXO Partners has a 52 week low of $10.12 and a 52 week high of $15.44.

TXO Partners (NYSE:TXO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.11 by $0.96. The company had revenue of $150.87 million for the quarter, compared to the consensus estimate of $116.24 million. TXO Partners had a negative net margin of 9.23% and a negative return on equity of 5.59%. On average, analysts predict that TXO Partners will post 0.58 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Bob Simpson bought 125,000 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $14.32 per share, with a total value of $1,790,000.00. Following the transaction, the director directly owned 9,500,000 shares in the company, valued at approximately $136,040,000. This trade represents a 1.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders acquired 500,000 shares of company stock worth $6,898,945.

Hedge Funds Weigh In On TXO Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in TXO. Royal Bank of Canada increased its stake in shares of TXO Partners by 100.2% during the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company's stock valued at $28,000 after buying an additional 1,303 shares during the period. Allied Private Wealth LLC purchased a new stake in TXO Partners in the second quarter worth about $30,000. State of Wyoming purchased a new stake in TXO Partners in the second quarter worth about $45,000. Kestra Advisory Services LLC bought a new position in TXO Partners during the 4th quarter worth about $49,000. Finally, M&T Bank Corp grew its holdings in TXO Partners by 33.3% during the 2nd quarter. M&T Bank Corp now owns 20,000 shares of the company's stock worth $301,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors own 27.44% of the company's stock.

TXO Partners Company Profile

TXO Partners is an independent upstream oil and natural gas company focused on the acquisition, development and production of unconventional resource plays in the United States. The firm holds working interests in producing and non-producing acreage, primarily targeting liquids-rich areas to optimize cash flow generation and capital efficiency. Its core business involves identifying under-developed assets, engineering cost-effective drilling programs and applying advanced completion techniques to enhance well performance.

The company’s operations are concentrated in key domestic basins, where horizontal drilling and multi-stage fracturing have unlocked significant reserves.

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