TXO Partners (TXO) Expected to Announce Earnings on Tuesday

TXO Partners (NYSE:TXO - Get Free Report) is expected to be releasing its earnings data before the market opens on Tuesday, March 4th. Analysts expect TXO Partners to post earnings of $0.39 per share and revenue of $83.68 million for the quarter.

TXO Partners Price Performance

TXO Partners stock traded down $0.63 during mid-day trading on Friday, hitting $19.54. 454,956 shares of the company traded hands, compared to its average volume of 135,389. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02. TXO Partners has a one year low of $15.22 and a one year high of $23.56. The stock has a market cap of $799.44 million, a price-to-earnings ratio of -3.29 and a beta of 0.19. The stock has a fifty day moving average price of $19.08 and a 200-day moving average price of $17.91.

Insider Transactions at TXO Partners

In other news, Director Keith A. Hutton purchased 60,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were acquired at an average price of $16.04 per share, for a total transaction of $962,400.00. Following the completion of the transaction, the director now directly owns 4,100,215 shares of the company's stock, valued at approximately $65,767,448.60. This trade represents a 1.49 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director William H. Adams III purchased 14,000 shares of the company's stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of $16.93 per share, with a total value of $237,020.00. Following the purchase, the director now owns 92,784 shares of the company's stock, valued at approximately $1,570,833.12. The trade was a 17.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 75,500 shares of company stock valued at $1,223,690.

Remove Ads

TXO Partners Company Profile

TXO Partners, L.P., an oil and natural gas company, 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.