TXO Partners LP (TXO) closed the latest trading day at $19.40, indicating a -1.57% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 1.12%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 2.04%.

The company's shares have seen a decrease of 0.1% over the last month, not keeping up with the Oils-Energy sector's gain of 3.39% and outstripping the S&P 500's loss of 2.91%.

Market participants will be closely following the financial results of TXO Partners LP in its upcoming release. The company is expected to report EPS of $0.44, up 33.33% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $84.51 million, indicating a 25.31% increase compared to the same quarter of the previous year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.91 per share and revenue of $339.79 million, indicating changes of +193.85% and +20.15%, respectively, compared to the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for TXO Partners LP. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, TXO Partners LP is carrying a Zacks Rank of #3 (Hold).

Investors should also note TXO Partners LP's current valuation metrics, including its Forward P/E ratio of 10.32. This denotes a discount relative to the industry's average Forward P/E of 10.63.

The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 183, placing it within the bottom 28% of over 250 industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

TXO Partners LP (TXO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research