TXO Energy Partners price target raised to $28 from $27 at Stifel

Stifel raised the firm’s price target on TXO Energy Partners to $28 from $27 and keeps a Buy rating on the shares following the company’s quarterly results and updated guidance. The firm predicts an improving forward net debt / EBITDAX profile and expects the company to generate positive free cash flows in 2023-2025, the analyst tells investors. Stifel believes the company offers a “highly experienced” management team, exposure to low decline, low cost production, shareholder-friendly distribution framework, and an “attractive” valuation.