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TXO Partners LP (TXO) Outperforms Broader Market: What You Need to Know
ZACKS· 2025-04-28 23:20
TXO Partners LP (TXO) closed the most recent trading day at $17, moving +0.29% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.28%, and the technology-dominated Nasdaq saw a decrease of 0.1%.Shares of the company have depreciated by 11.49% over the course of the past month, underperforming the Oils-Energy sector's loss of 10.24% and the S&P 500's loss of 4.29%.Analysts and investors alike will be keeping a close eye on the p ...
Earnings Preview: Williams Companies, Inc. (The) (WMB) Q1 Earnings Expected to Decline
ZACKS· 2025-04-28 15:06
Williams Companies, Inc. (The) (WMB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be releas ...
ATKORE ALERT: Bragar Eagel & Squire, P.C. is Investigating Atkore Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-04-26 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Atkore Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors [1] Group 1: Allegations and Impact - The class action alleges that during the class period, Atkore made materially false and misleading statements and failed to disclose adverse facts about its business and operations [2] - Specific allegations include Atkore's engagement in an anticompetitive price-fixing scheme that artificially inflated the price of PVC pipes, leading to unsustainable financial benefits [2] - As the price-fixing scheme was exposed, Atkore could no longer maintain inflated prices, resulting in a significant decrease in PVC pipe prices and negative impacts on its business and operations [2] Group 2: Legal Representation and Contact - Long-term stockholders of Atkore are encouraged to contact Bragar Eagel & Squire, P.C. for more information regarding the claims and their rights [3] - The law firm specializes in representing individual and institutional investors in complex litigation across state and federal courts [4]
Is Epsilon Energy (EPSN) Outperforming Other Oils-Energy Stocks This Year?
ZACKS· 2025-04-25 14:46
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Epsilon Energy Ltd. (EPSN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Epsilon Energy Ltd. is one of 246 companies in the Oils-Energy group. The Oils-Energy group currently sits at #15 within the Zacks ...
Enterprise Products Partners (EPD) Flat As Market Gains: What You Should Know
ZACKS· 2025-04-23 22:55
Core Viewpoint - Enterprise Products Partners (EPD) is experiencing a mixed performance in the market, with a recent stock price of $30.70 and a notable decline over the past month, while upcoming earnings are anticipated to show slight growth in EPS but a decrease in revenue [1][2]. Company Performance - EPD's stock price remained unchanged at $30.70, underperforming compared to the S&P 500's gain of 1.67% on the same day [1]. - Over the past month, EPD shares have decreased by 8.36%, which is better than the Oils-Energy sector's decline of 10.69% but worse than the S&P 500's loss of 6.57% [1]. Upcoming Earnings - The company is set to release its earnings report on April 29, 2025, with an expected EPS of $0.70, reflecting a 6.06% increase from the same quarter last year [2]. - Revenue is projected to be $14.19 billion, indicating a 3.83% decrease compared to the equivalent quarter last year [2]. Full Year Estimates - For the full year, earnings are estimated at $2.91 per share and revenue at $57.77 billion, showing increases of 8.18% and 2.76% respectively from the previous year [3]. - Recent analyst estimate revisions suggest a positive outlook for EPD's business and profitability [3]. Analyst Ratings - EPD currently holds a Zacks Rank of 2 (Buy), with a 0.21% increase in the consensus EPS estimate over the last 30 days [5]. - The Zacks Rank system has a strong track record, with 1 stocks averaging a 25% annual return since 1988 [5]. Valuation Metrics - EPD is trading at a Forward P/E ratio of 10.54, which is lower than the industry average of 11.83 [6]. - The company has a PEG ratio of 1.25, compared to the Oil and Gas - Production Pipeline - MLB industry's average PEG ratio of 1.04 [7]. Industry Context - The Oil and Gas - Production Pipeline - MLB industry is ranked 22 in the Zacks Industry Rank, placing it in the top 9% of over 250 industries [8]. - Higher-rated industries tend to outperform lower-rated ones by a factor of 2 to 1 [8].
Valmont Industries (VMI) Q1 Earnings Surpass Estimates
ZACKS· 2025-04-22 13:10
Core Insights - Valmont Industries reported quarterly earnings of $4.32 per share, exceeding the Zacks Consensus Estimate of $4.24 per share, with an earnings surprise of 1.89% [1] - The company posted revenues of $969.31 million for the quarter, missing the Zacks Consensus Estimate by 0.64%, compared to $977.83 million in the same quarter last year [2] - Valmont has surpassed consensus EPS estimates in all four of the last quarters, while it has topped revenue estimates twice during the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $4.72 on revenues of $1.04 billion, and for the current fiscal year, it is $18.01 on revenues of $4.09 billion [7] - The estimate revisions trend for Valmont is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Steel - Pipe and Tube industry, to which Valmont belongs, is currently ranked in the bottom 24% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Valmont's stock performance [5]
MRC Global Announces First Quarter 2025 Earnings Release, Conference Call and Webcast Schedule
Globenewswire· 2025-04-22 10:30
HOUSTON, April 22, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) will release its first quarter 2025 results on May 6, 2025, after the market closes. In conjunction with the release, the company will host a conference call and webcast: What:MRC Global First Quarter 2025 Earnings Conference Call and Webcast When:Wednesday, May 7, 2025, at 10:00 a.m. Eastern / 9:00 a.m. Central How:Via phone – Dial 201-689-8261 and ask for the MRC Global call prior to the start time, or Via webcast – Visit our ...
Atkore Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – ATKR
GlobeNewswire News Room· 2025-04-21 16:59
Core Viewpoint - Atkore Inc. is facing a class action securities lawsuit due to alleged securities fraud related to an anticompetitive price-fixing scheme involving PVC Pipes, which has negatively impacted the company's financial performance and operations [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for investors affected by alleged securities fraud between August 2, 2022, and February 3, 2025 [1]. - The complaint alleges that Atkore engaged in a price-fixing scheme that artificially inflated PVC Pipe prices, leading to unsustainable financial benefits for the company [2]. - As the price-fixing scheme was exposed, the price of PVC Pipes significantly decreased, adversely affecting Atkore's business and operations [2]. Group 2: Investor Participation - Investors who suffered losses during the relevant timeframe have until April 23, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
ATKR Deadline in 3 Days: Kessler Topaz Meltzer & Check, LLP Reminds Atkore Inc. (ATKR) Investors of Filing Deadline in Class Action Lawsuit
Prnewswire· 2025-04-20 14:15
Core Viewpoint - Securities class action lawsuits have been filed against Atkore Inc. for alleged misconduct related to price-fixing of PVC pipes during the specified Class Period from August 2, 2022, to February 3, 2025 [1][2]. Group 1: Allegations Against Atkore - Defendants allegedly engaged in an anticompetitive price-fixing scheme that artificially inflated the price of PVC pipes, including both water pipes and electrical conduit pipes [2]. - Atkore reportedly gained significant and unsustainable financial benefits from this anticompetitive conduct [2]. - As the price-fixing scheme was exposed, Atkore and its co-conspirators could no longer maintain inflated prices, leading to a substantial decrease in PVC pipe prices [2]. - The company's business and operations were negatively impacted as a result of these actions [2]. - Positive statements made by the defendants regarding Atkore's business and prospects were claimed to be materially false and misleading [2]. Group 2: Legal Process and Representation - Investors in Atkore have until April 23, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [3]. - The lead plaintiff selects counsel to represent the class, and this decision does not affect the ability of other investors to share in any recovery [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP has a global reputation for prosecuting class actions and has recovered billions of dollars for victims of corporate misconduct [4]. - The firm aims to protect investors, consumers, and employees from fraud and negligence by businesses [4].
South Bow Safely Restarts Keystone Pipeline
Newsfilter· 2025-04-16 11:30
Core Viewpoint - South Bow Corp. has successfully restarted the Keystone Pipeline after receiving regulatory approval following an oil release incident on April 8, 2025, near Fort Ransom, North Dakota [1][3]. Group 1: Incident Response and Recovery - South Bow has repaired and replaced the affected pipeline section and has recovered most of the estimated 3,500 barrels of oil released, focusing on soil remediation [2]. - The company is committed to the safety of personnel and minimizing environmental risks, with continuous air quality monitoring showing no adverse health concerns [2]. - A Corrective Action Order was issued by PHMSA on April 11, 2025, requiring South Bow to implement specific corrective actions, which included a restart plan that has been approved [3]. Group 2: Regulatory Compliance and Operations - The Keystone Pipeline is now operating under certain pressure restrictions as mandated by PHMSA, and South Bow has also informed the Canada Energy Regulator about similar restrictions on the Canadian sections of the pipeline [3]. - The pipeline was operating within its design and regulatory approval requirements at the time of the incident [3]. - South Bow is actively engaging with regulators, local officials, landowners, and the community during the recovery process [2][3]. Group 3: Communication and Updates - South Bow will continue to provide updates regarding the incident and recovery efforts on its website [4].