TXO Partners (NYSE:TXO) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded TXO Partners to “strong buy” from “hold,” while the broader analyst consensus remains “buy” with an average price target of $18.50.
• TXO Partners reported quarterly EPS of $1.07, exceeding the $0.11 consensus estimate, and revenue of $150.87 million versus expectations of $116.24 million.
• Director Bob Simpson purchased 125,000 shares for approximately $1.79 million, contributing to 500,000 shares of insider purchases over the past three months.

TXO Partners (NYSE:TXO - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Thursday, Zacks reports.

A number of other research firms have also recently issued reports on TXO. Wall Street Zen upgraded shares of TXO Partners from a "sell" rating to a "buy" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded TXO Partners from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TXO Partners currently has an average rating of "Buy" and a consensus price target of $18.50.

TXO Partners Stock Performance

NYSE:TXO opened at $15.08 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. TXO Partners has a fifty-two week low of $10.12 and a fifty-two week high of $15.27. The firm has a market cap of $836.13 million, a PE ratio of -19.58 and a beta of 0.06. The business has a 50 day moving average price of $13.52 and a 200-day moving average price of $12.98.

TXO Partners (NYSE:TXO - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.07 EPS for the quarter, topping 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%. Equities research analysts predict that TXO Partners will post 0.58 earnings per share for the current year.

Insider Activity at TXO Partners

In other news, Director Bob Simpson acquired 125,000 shares of the stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $14.32 per share, with a total value of $1,790,000.00. Following the completion of the transaction, the director owned 9,500,000 shares of the company's stock, valued at $136,040,000. This represents a 1.33% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders purchased 500,000 shares of company stock valued at $6,898,945.

Institutional Trading of TXO Partners

Several institutional investors have recently bought and sold shares of TXO. Royal Bank of Canada raised its holdings in TXO Partners by 100.2% in the fourth quarter. Royal Bank of Canada now owns 2,603 shares of the company's stock worth $28,000 after buying an additional 1,303 shares during the last quarter. Allied Private Wealth LLC purchased a new stake in shares of TXO Partners during the second quarter valued at approximately $30,000. State of Wyoming purchased a new stake in shares of TXO Partners during the second quarter valued at approximately $45,000. Kestra Advisory Services LLC bought a new stake in shares of TXO Partners during the fourth quarter valued at approximately $49,000. Finally, Fund Advisors of America Inc FL bought a new stake in shares of TXO Partners during the fourth quarter valued at approximately $115,000. 27.44% of the stock is owned by hedge funds and other institutional investors.

About TXO Partners

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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