TXO Partners (NYSE:TXO - Get Free Report) announced its earnings results on Thursday. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.12), Zacks reports. TXO Partners had a negative net margin of 63.22% and a positive return on equity of 8.05%. The business had revenue of $84.33 million for the quarter, compared to the consensus estimate of $82.00 million.
TXO Partners Stock Performance
TXO Partners stock traded up $0.19 during midday trading on Friday, hitting $16.99. The stock had a trading volume of 69,333 shares, compared to its average volume of 101,240. TXO Partners has a 52-week low of $15.22 and a 52-week high of $23.56. The company has a market capitalization of $699.44 million, a PE ratio of -2.86 and a beta of 0.17. The firm's fifty day moving average is $18.17 and its two-hundred day moving average is $17.99. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25.
TXO Partners Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 14.36%. TXO Partners's dividend payout ratio (DPR) is presently 580.95%.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus started coverage on shares of TXO Partners in a research report on Wednesday, April 23rd. They set a "buy" rating and a $20.00 price objective for the company.
Read Our Latest Research Report on TXO Partners
Insider Buying and Selling at TXO Partners
In other news, CEO Gary D. Simpson sold 31,517 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $19.08, for a total transaction of $601,344.36. Following the sale, the chief executive officer now directly owns 408,053 shares in the company, valued at $7,785,651.24. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
About TXO Partners
(
Get Free Report)
TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Its acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado.
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