5 Cheap New Stocks To Buy

4. TXO Partners L.P. (NYSE:TXO)

Price To Trailing Earnings Ratio: 8.54

TXO Partners L.P. (NYSE:TXO) is another small American energy company. The shares were listed for sale in January 2023 at a $20 share price. They’ve shed $1.3 since then, but on a positive note, TXO Partners L.P. (NYSE:TXO) is the first stock on our list that has been rated Strong Buy on average by analysts. Additionally, they’ve set an average share price target of $30.67, for a sizeable upside over the current share price of $18.7.

As of Q2 2023 end, just one among the 910 hedge funds tracked by Insider Monkey were TXO Partners L.P. (NYSE:TXO)’s investors.