Stifel resumed coverage of TXO Partners (TXO) with a Buy rating and $20 price target TXO is a low levered exploration and production master limited partnership led by industry veterans who have a track record of creating value, the analyst tells investors in a research note. The firm says the company has assets in the San Juan, the Permian and the Bakken that generally have low production decline rates.
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Read More on TXO:
- TXO Energy Partners price target lowered to $23 from $27 at Raymond James
- TXO Energy Partners Appoints New Board and CEOs
- TXO Energy Partners Announces CEO Leadership Transition
- TXO Energy Partners appoints Gary Simpson and Brent Clum as co-CEOs
- TXO Energy Partners Faces Financial Constraints with Increased Debt Load
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