TXO Partners (NYSE:TXO) Downgraded to Sell Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded TXO Partners from hold to sell, even as other analysts remain more mixed-to-bullish. The consensus rating still sits at Moderate Buy with a $18.50 target price.
• TXO Partners recently reported a wider-than-expected loss, posting EPS of -$1.35 versus estimates of -$0.05 and revenue of $28.28 million versus expectations of $110.71 million. The results also showed negative margins and return on equity.
• Shares were down about 1.2% to $12.35, while company insiders also sold stock in early April. CEO sales and relatively modest institutional ownership changes add to the cautious sentiment around the stock.

TXO Partners (NYSE:TXO - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Several other analysts have also recently commented on TXO. Stifel Nicolaus boosted their price target on TXO Partners from $18.00 to $19.00 and gave the stock a "buy" rating in a research report on Friday, March 6th. Raymond James Financial reissued a "strong-buy" rating on shares of TXO Partners in a research note on Wednesday, April 29th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of TXO Partners in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

TXO Partners Stock Down 1.2%

Shares of TXO opened at $12.35 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.62 and a current ratio of 0.43. TXO Partners has a one year low of $10.12 and a one year high of $17.90. The stock has a market capitalization of $682.21 million, a price-to-earnings ratio of -6.71 and a beta of 0.02. The stock has a 50 day moving average price of $12.45 and a 200 day moving average price of $12.19.

TXO Partners (NYSE:TXO - Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($0.05) by ($1.30). TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%.The firm had revenue of $28.28 million for the quarter, compared to analysts' expectations of $110.71 million. Equities research analysts forecast that TXO Partners will post 0.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TXO Partners news, CEO Brent W. Clum sold 27,234 shares of the business's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $12.38, for a total transaction of $337,156.92. Following the transaction, the chief executive officer owned 800,340 shares of the company's stock, valued at approximately $9,908,209.20. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gary D. Simpson sold 27,234 shares of the business's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $12.38, for a total value of $337,156.92. Following the transaction, the chief executive officer directly owned 581,018 shares in the company, valued at $7,193,002.84. This trade represents a 4.48% decrease in their position. The disclosure for this sale is available in the SEC filing.

Hedge Funds Weigh In On TXO Partners

Several large investors have recently modified their holdings of TXO. Royal Bank of Canada lifted its stake in shares of TXO Partners by 100.2% in the 4th quarter. Royal Bank of Canada now owns 2,603 shares of the company's stock valued at $28,000 after purchasing an additional 1,303 shares during the last quarter. State of Wyoming acquired a new position in shares of TXO Partners in the 2nd quarter valued at $45,000. Kestra Advisory Services LLC acquired a new position in shares of TXO Partners in the 4th quarter valued at $49,000. Arlington Trust Co LLC acquired a new position in shares of TXO Partners in the 3rd quarter valued at $56,000. Finally, CWM LLC lifted its stake in shares of TXO Partners by 5,389.0% in the 3rd quarter. CWM LLC now owns 5,489 shares of the company's stock valued at $77,000 after purchasing an additional 5,389 shares during the last quarter. Institutional investors and hedge funds own 27.44% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.