NYSE:TXO

TXO Partners (TXO) Stock Price, News & Analysis

$20.65
+0.80 (+4.03%)
(As of 05/10/2024 08:55 PM ET)
Today's Range
$20.00
$20.74
50-Day Range
$17.81
$20.65
52-Week Range
$17.20
$23.57
Volume
91,000 shs
Average Volume
52,757 shs
Market Capitalization
$638.91 million
P/E Ratio
N/A
Dividend Yield
11.23%
Price Target
$26.00

TXO Partners MarketRank™ Stock Analysis

Analyst Rating
Strong Buy
3.50 Rating Score
Upside/​Downside
25.9% Upside
$26.00 Price Target
Short Interest
Healthy
0.09% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.53mentions of TXO Partners in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$2.15 M Sold Last Quarter
Proj. Earnings Growth
54.89%
From $1.33 to $2.06 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.06 out of 5 stars

Oils/Energy Sector

66th out of 242 stocks

Crude Petroleum & Natural Gas Industry

27th out of 76 stocks

TXO stock logo

About TXO Partners Stock (NYSE:TXO)

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. The company was formerly known as TXO Energy Partners, L.P. and changed its name to TXO Partners, L.P. in May 2023. TXO Partners, L.P. was incorporated in 2012 and is based in Fort Worth, Texas.

TXO Stock Price History

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Company Calendar

Last Earnings
3/05/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
5/11/2024
Ex-Dividend for 5/29 Dividend
5/17/2024
Dividend Payable
5/29/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Fax
N/A
Employees
184
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.00
High Stock Price Target
$26.00
Low Stock Price Target
$26.00
Potential Upside/Downside
+25.9%
Consensus Rating
Strong Buy
Rating Score (0-4)
3.50
Research Coverage
2 Analysts

Profitability

Net Income
$-103,990,000.00
Pretax Margin
-61.27%

Debt

Sales & Book Value

Annual Sales
$380.72 million
Cash Flow
$10.54 per share
Book Value
$15.05 per share

Miscellaneous

Free Float
N/A
Market Cap
$638.91 million
Optionable
Not Optionable
Beta
-0.18
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Key Executives

  • Mr. Bob R. Simpson (Age 75)
    CEO & Chairman of the Board of TXO Energy GP, LLC
  • Mr. Brent W. Clum
    President of Business Operations, CFO & Director of TXO Energy GP, LLC
  • Mr. Scott T. Agosta (Age 59)
    Chief Accounting Officer of TXO Energy GP, LLC
    Comp: $510.93k
  • Mr. Keith A. Hutton (Age 65)
    President of Production & Development and Director of TXO Energy GP, LLC
  • Mr. Gary D. Simpson (Age 60)
    Senior Vice President

TXO Stock Analysis - Frequently Asked Questions

Should I buy or sell TXO Partners stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TXO Partners in the last twelve months. There are currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "strong buy" TXO shares.
View TXO analyst ratings
or view top-rated stocks.

What is TXO Partners' stock price target for 2024?

2 equities research analysts have issued twelve-month price objectives for TXO Partners' shares. Their TXO share price targets range from $26.00 to $26.00. On average, they anticipate the company's share price to reach $26.00 in the next twelve months. This suggests a possible upside of 25.9% from the stock's current price.
View analysts price targets for TXO
or view top-rated stocks among Wall Street analysts.

How have TXO shares performed in 2024?

TXO Partners' stock was trading at $18.18 at the beginning of the year. Since then, TXO stock has increased by 13.6% and is now trading at $20.65.
View the best growth stocks for 2024 here
.

Are investors shorting TXO Partners?

TXO Partners saw a decline in short interest in April. As of April 15th, there was short interest totaling 21,100 shares, a decline of 31.0% from the March 31st total of 30,600 shares. Based on an average daily trading volume, of 40,500 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company's stock are sold short.
View TXO Partners' Short Interest
.

When is TXO Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our TXO earnings forecast
.

How were TXO Partners' earnings last quarter?

TXO Partners, L.P. (NYSE:TXO) issued its quarterly earnings results on Tuesday, March, 5th. The company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.72. The firm had revenue of $91.97 million for the quarter, compared to analyst estimates of $70.76 million. TXO Partners had a positive trailing twelve-month return on equity of 7.94% and a negative net margin of 61.27%.

How often does TXO Partners pay dividends? What is the dividend yield for TXO Partners?

TXO Partners declared a quarterly dividend on Tuesday, May 7th. Investors of record on Monday, May 20th will be given a dividend of $0.65 per share on Wednesday, May 29th. This represents a $2.60 dividend on an annualized basis and a yield of 12.59%. The ex-dividend date is Friday, May 17th. This is a positive change from the stock's previous quarterly dividend of $0.58.
Read our dividend analysis for TXO
.

Is TXO Partners a good dividend stock?

TXO Partners (NYSE:TXO) pays an annual dividend of $2.32 per share and currently has a dividend yield of 11.69%. TXO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for TXO.

When did TXO Partners IPO?

TXO Partners (TXO) raised $100 million in an IPO on Friday, January 27th 2023. The company issued 5,000,000 shares at $19.00-$21.00 per share.

Who are TXO Partners' major shareholders?

TXO Partners' stock is owned by a variety of retail and institutional investors. Top institutional investors include Raymond James Financial Services Advisors Inc. (0.23%). Insiders that own company stock include Global Endowment Management, L, Keith A Hutton and William H Adams III.
View institutional ownership trends
.

How do I buy shares of TXO Partners?

Shares of TXO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TXO) was last updated on 5/11/2024 by MarketBeat.com Staff

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