TXO Partners LP (NYSE:TXO – Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.44 per share on Friday, November 20th. This represents a $1.76 annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Friday, November 13th. This is a 10.0% increase from TXO Partners’s previous quarterly dividend of $0.40.
TXO Partners has a payout ratio of 139.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect TXO Partners to earn $1.92 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 83.3%.
TXO Partners Stock Down 0.1%
Shares of TXO Partners stock opened at $13.60 on Wednesday. The stock’s fifty day moving average is $14.38 and its 200-day moving average is $13.14. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $754.06 million, a PE ratio of -17.66 and a beta of 0.07. TXO Partners has a 12-month low of $10.12 and a 12-month high of $15.58.
TXO Partners (NYSE:TXO – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.80). The business had revenue of $55.09 million during the quarter, compared to analyst estimates of $102.05 million. TXO Partners had a negative return on equity of 5.59% and a negative net margin of 9.23%. Equities analysts anticipate that TXO Partners will post 0.60 earnings per share for the current year.
About TXO Partners
TXO Partners, L.P. (NYSE: TXO) is an independent oil and natural gas company focused on acquiring, developing and exploiting producing properties. The company’s operations are centered on mature, conventional oil and natural gas assets, with an emphasis on generating production and cash flow from properties that may offer additional development or operating opportunities.
TXO Partners primarily operates in the Permian Basin, one of the largest oil-producing regions in the United States.
Read More
- Five stocks we like better than TXO Partners
- Tower Semiconductor’s Earnings Are Soaring—So Why Is Its Stock Down More Than 50%?
- Shopify’s Small Q3 Miss Triggered a Big Sell-Off: What’s Next?
- Can Oil’s Big Rally Deliver Reliable Income? 3 Energy Plays to Watch
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
Receive News & Ratings for TXO Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TXO Partners and related companies with MarketBeat.com's FREE daily email newsletter.
