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.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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