TXO Partners (NYSE:TXO) Stock Rating Lowered by Zacks Research

TXO Partners (NYSE:TXO) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of TXO Partners from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of TXO Partners in a report on Wednesday, April 29th. Finally, Wall Street Zen lowered shares of TXO Partners from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.50.

TXO Partners Stock Performance

Shares of TXO opened at $12.83 on Monday. TXO Partners has a 12-month low of $10.12 and a 12-month high of $15.55. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. The company has a market cap of $708.73 million, a PE ratio of -6.97 and a beta of 0.07. The stock has a 50-day moving average price of $12.88 and a 200-day moving average price of $12.25.

TXO Partners (NYSE:TXO) last posted its quarterly earnings data on Monday, May 4th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($1.30). The company had revenue of $28.28 million during the quarter, compared to the consensus estimate of $110.71 million. TXO Partners had a negative return on equity of 14.13% and a negative net margin of 28.52%. As a group, equities analysts forecast that TXO Partners will post 0.2 earnings per share for the current fiscal year.

Insider Transactions at TXO Partners

In related news, Director Bob R. Simpson purchased 500,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of $12.67 per share, with a total value of $6,335,000.00. Following the purchase, the director directly owned 7,500,000 shares of the company’s stock, valued at approximately $95,025,000. This trade represents a 7.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders purchased 2,360,000 shares of company stock worth $31,077,413.

Hedge Funds Weigh In On TXO Partners

Several hedge funds and other institutional investors have recently modified their holdings of TXO. Royal Bank of Canada grew its stake in shares of 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 purchasing an additional 1,303 shares during the last quarter. State of Wyoming purchased a new stake in TXO Partners in the 2nd quarter worth approximately $45,000. Kestra Advisory Services LLC bought a new stake in shares of TXO Partners in the 4th quarter worth approximately $49,000. Fund Advisors of America Inc FL bought a new stake in shares of TXO Partners in the 4th quarter worth approximately $115,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of TXO Partners by 243.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,974 shares of the company’s stock valued at $117,000 after buying an additional 7,779 shares during the period. 27.44% of the stock is owned by 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.