Stifel has reinitiated its coverage of TXO Partners (TXO, Financial) with a Buy recommendation, setting a target price of $20. This decision underscores confidence in the company's strategic positioning within the oil and gas sector. TXO Partners, a master limited partnership, specializes in exploration and production activities under the leadership of seasoned industry experts known for generating substantial value.
The firm highlights that TXO's asset portfolio spans significant regions such as the San Juan, the Permian, and the Bakken. These areas are known for having relatively stable production levels with low decline rates, which bodes well for the company's long-term operational stability and growth potential. Stifel's positive outlook on TXO reflects the partnership's robust management and strategic asset base, projecting its capability to deliver consistent returns to investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for TXO Partners LP (TXO, Financial) is $24.33 with a high estimate of $27.00 and a low estimate of $22.00. The average target implies an upside of 43.81% from the current price of $16.92. More detailed estimate data can be found on the TXO Partners LP (TXO) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, TXO Partners LP's (TXO, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
