Stifel Nicolaus Increases TXO Partners (NYSE:TXO) Price Target to $28.00

Posted by on Aug 27th, 2023

TXO Partners (NYSE:TXO – Get Free Report) had its target price upped by analysts at Stifel Nicolaus from $27.00 to $28.00 in a research report issued on Friday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 31.46% from the stock’s previous close.

Separately, Raymond James dropped their price objective on shares of TXO Partners from $34.00 to $30.00 and set a “strong-buy” rating on the stock in a research note on Monday, July 24th.

Check Out Our Latest Research Report on TXO

TXO Partners Stock Performance

Shares of NYSE:TXO opened at $21.30 on Friday. The company’s fifty day moving average is $21.61 and its 200 day moving average is $21.58. TXO Partners has a 52 week low of $20.25 and a 52 week high of $25.00. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03.

TXO Partners (NYSE:TXO – Get Free Report) last announced its quarterly earnings results on Tuesday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.16). The business had revenue of $60.47 million for the quarter, compared to analyst estimates of $66.06 million. As a group, equities research analysts predict that TXO Partners will post 0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On TXO Partners

Hedge funds have recently bought and sold shares of the business. King Luther Capital Management Corp purchased a new stake in shares of TXO Partners in the first quarter valued at $59,544,000. CIBC Private Wealth Group LLC purchased a new position in TXO Partners in the 1st quarter worth about $23,053,000. Barclays PLC purchased a new position in TXO Partners in the 1st quarter worth about $5,303,000. Jennison Associates LLC purchased a new position in TXO Partners during the 1st quarter valued at about $4,379,000. Finally, American Century Companies Inc. purchased a new position in TXO Partners during the 1st quarter valued at about $1,542,000. Hedge funds and other institutional investors own 17.68% of the company’s stock.

TXO Partners Company Profile

(Get Free Report)

TXO Partners L.P. 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.

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