Stifel Downgrades TXO Partners to Buy with PT of $19 from $21.
Stifel Financial downgraded TXO Partners LP (TXO) from a "Buy" rating to a "Buy" rating with a price target of $19, down from the previous target of $21. The downgrade comes amid mixed market conditions and a recent adjustment in analyst estimates for the company.
In the latest trading session, TXO Partners LP closed at $14.49, marking a 1.68% increase from the prior day. This move outpaced the S&P 500's daily gain of 0.37%
TXO Partners LP (TXO) Rises Higher Than Market: Key Facts[2]. The company's stock has climbed by 5.01% in the past month, exceeding the Oils-Energy sector's gain of 2.31% and the S&P 500's gain of 4.26%
TXO Partners LP (TXO) Rises Higher Than Market: Key Facts[2].
Stifel's downgrade reflects a cautious stance on the company's earnings outlook. Analysts expect TXO Partners LP to report an EPS of $0.08 in the upcoming quarter, showcasing a 700% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $99.66 million, indicating a 45% increase compared to the same quarter of the previous year
TXO Partners LP (TXO) Rises Higher Than Market: Key Facts[2].
For the full year, the Zacks Consensus Estimates project earnings of $0.23 per share and a revenue of $387.8 million, demonstrating changes of -64.62% and +37.12%, respectively, from the preceding year
TXO Partners LP (TXO) Rises Higher Than Market: Key Facts[2]. Despite these positive earnings forecasts, the Zacks Rank system, which considers estimate changes, currently assigns TXO Partners LP a Zacks Rank of #5 (Strong Sell)
TXO Partners LP (TXO) Dips More Than Broader Market: What You Should Know[1].
TXO Partners LP is currently trading at a Forward P/E ratio of 61.96, which is higher than the industry average of 12.4. The Energy and Pipeline - Master Limited Partnerships industry, of which TXO Partners LP is a part, has a Zacks Industry Rank of 215, ranking it in the bottom 13% of all industries
TXO Partners LP (TXO) Rises Higher Than Market: Key Facts[2].
Investors should closely monitor the company's upcoming earnings release and the evolving analyst estimates to gauge the potential impact on the stock price. The recent downgrade from Stifel highlights the importance of staying informed about changes in analyst ratings and the broader market conditions.
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