Stifel analyst Derrick Whitfield initiated coverage of TXO Energy Partners with a Buy rating and $31 price target. The analyst says TXO offers investors exposure to a "highly experienced" management team with an advantaged asset base and a shareholder-friendly distribution framework. The company’s asset base and business structure offer mineral-like return of capital attributes, the analyst tells investors in a research note. The firm says believes the stock is attractively priced to its minerals peers.
Published first on TheFly
