Stifel Nicolaus Forecasts Strong Price Appreciation for TXO Partners (NYSE:TXO) Stock

TXO Partners (NYSE:TXO) had its price objective boosted by investment analysts at Stifel Nicolaus from $18.00 to $19.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 49.84% from the company’s previous close.

Several other brokerages also recently issued reports on TXO. Weiss Ratings downgraded shares of TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. Raymond James Financial set a $18.00 target price on TXO Partners in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, TXO Partners currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

TXO Partners Trading Down 0.2%

Shares of TXO opened at $12.68 on Friday. The company’s fifty day simple moving average is $11.73 and its 200-day simple moving average is $12.62. The company has a market cap of $700.44 million, a P/E ratio of -29.49 and a beta of 0.10. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.42. TXO Partners has a twelve month low of $10.12 and a twelve month high of $20.24.

TXO Partners (NYSE:TXO) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.67). The firm had revenue of $125.93 million for the quarter, compared to analysts’ expectations of $111.09 million. TXO Partners had a negative return on equity of 2.03% and a negative net margin of 5.39%. As a group, analysts expect that TXO Partners will post 1.02 EPS for the current year.

Insider Buying and Selling at TXO Partners

In other news, CEO Gary D. Simpson sold 8,126 shares of the stock in a transaction on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total transaction of $98,080.82. Following the transaction, the chief executive officer owned 608,252 shares of the company’s stock, valued at approximately $7,341,601.64. This represents a 1.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott T. Agosta sold 10,689 shares of the firm’s stock in a transaction on Saturday, January 31st. The shares were sold at an average price of $12.07, for a total value of $129,016.23. Following the transaction, the chief accounting officer owned 205,474 shares in the company, valued at approximately $2,480,071.18. This represents a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,386 shares of company stock valued at $463,319 in the last ninety days.

Institutional Trading of TXO Partners

A number of hedge funds have recently added to or reduced their stakes in TXO. CIBC Bancorp USA Inc. bought a new position in TXO Partners during the 3rd quarter worth about $25,402,000. Global Endowment Management LP raised its holdings in shares of TXO Partners by 54.9% in the 3rd quarter. Global Endowment Management LP now owns 2,686,017 shares of the company’s stock valued at $37,739,000 after purchasing an additional 952,257 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of TXO Partners in the 4th quarter valued at about $5,586,000. King Luther Capital Management Corp lifted its position in shares of TXO Partners by 19.9% in the 2nd quarter. King Luther Capital Management Corp now owns 3,071,796 shares of the company’s stock worth $46,200,000 after purchasing an additional 510,266 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of TXO Partners by 40.7% in the 2nd quarter. American Century Companies Inc. now owns 1,490,548 shares of the company’s stock worth $22,418,000 after purchasing an additional 431,234 shares during the period. 27.44% of the stock is owned by hedge funds and other 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.