TXO Partners (NYSE:TXO) Stock Rating Upgraded by Wall Street Zen

TXO Partners (NYSE:TXO) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other equities analysts have also recently commented on TXO. Raymond James Financial restated a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Weiss Ratings cut shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Finally, Stifel Nicolaus boosted their price target on shares of TXO Partners from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

TXO Partners Trading Up 1.1%

TXO Partners stock opened at $13.20 on Friday. The company’s fifty day simple moving average is $12.76 and its 200-day simple moving average is $12.19. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46. TXO Partners has a 12 month low of $10.12 and a 12 month high of $16.26. The stock has a market cap of $729.17 million, a P/E ratio of -7.17 and a beta of 0.06.

TXO Partners (NYSE:TXO) last posted 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 net margin of 28.52% and a negative return on equity of 14.13%. The company had revenue of $28.28 million for the quarter, compared to analysts’ expectations of $110.71 million. As a group, sell-side analysts forecast that TXO Partners will post 0.41 EPS for the current fiscal year.

Insider Activity at TXO Partners

In related news, Director Bob R. Simpson acquired 500,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of $12.67 per share, with a total value of $6,335,000.00. Following the completion of the transaction, the director owned 7,500,000 shares of the company’s stock, valued at approximately $95,025,000. This represents a 7.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have bought a total of 2,260,000 shares of company stock worth $29,816,717 over the last three months.

Institutional Trading of TXO Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TXO. Hsbc Holdings PLC acquired a new stake in shares of TXO Partners during the second quarter worth approximately $380,000. M&T Bank Corp increased its holdings in shares of TXO Partners by 33.3% during the second quarter. M&T Bank Corp now owns 20,000 shares of the company’s stock worth $301,000 after buying an additional 5,000 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of TXO Partners during the second quarter worth approximately $5,830,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of TXO Partners by 5.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 715,867 shares of the company’s stock worth $10,767,000 after buying an additional 35,990 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of TXO Partners by 39.1% during the second quarter. Raymond James Financial Inc. now owns 304,980 shares of the company’s stock worth $4,587,000 after buying an additional 85,684 shares in the last quarter. Institutional investors 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.