TXO Partners (TXO) Projected to Post Earnings on Tuesday

TXO Partners (NYSE:TXO) is expected to be announcing its earnings results before the market opens on Tuesday, March 4th. Analysts expect the company to announce earnings of $0.39 per share for the quarter.

TXO Partners Stock Down 1.0 %

Shares of TXO opened at $19.62 on Tuesday. TXO Partners has a 1 year low of $15.22 and a 1 year high of $23.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a 50 day simple moving average of $18.88 and a two-hundred day simple moving average of $17.87. The firm has a market cap of $802.51 million, a P/E ratio of -3.30 and a beta of 0.18.

Insider Activity

In other TXO Partners news, CAO Scott T. Agosta sold 5,775 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $18.59, for a total value of $107,357.25. Following the completion of the sale, the chief accounting officer now directly owns 159,498 shares of the company’s stock, valued at $2,965,067.82. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William H. Adams III purchased 14,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were acquired at an average price of $16.93 per share, with a total value of $237,020.00. Following the completion of the transaction, the director now owns 92,784 shares of the company’s stock, valued at approximately $1,570,833.12. This trade represents a 17.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 75,500 shares of company stock valued at $1,223,690.

About TXO Partners

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.