Talos Energy Inc. (NYSE:TALO) shares traded -2.59% lower at $16.54 on Wall Street last session.
In accordance with the data, 8 analysts cover Talos Energy Inc. (NYSE:TALO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $16.00, we find $21.00. Given the previous closing price of $16.98, this indicates a potential upside of 23.67 percent. TALO stock price is now 2.81% away from the 50-day moving average and 3.59% away from the 200-day moving average. The market capitalization of the company currently stands at $2.11B.
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It has been rated a hold by 2 analysts and a buy by 6. Brokers who have rated the stock have averaged $21.00 as their price target over the next twelve months.
With the price target of $21, Stephens recently initiated with Overweight rating for Talos Energy Inc. (NYSE: TALO).
In other news, BCC EnVen Investments (S), L.P, 10% Owner sold 25,003 shares of the company’s stock on Jun 05. The stock was sold for $336,790 at an average price of $13.47. Upon completion of the transaction, the 10% Owner now directly owns 15,120,372 shares in the company, valued at $250.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05, 10% Owner BAIN CAPITAL CREDIT MEMBER, LL sold 25,003 shares of the business’s stock. A total of $336,790 was realized by selling the stock at an average price of $13.47. This leaves the insider owning 15,120,372 shares of the company worth $250.09 million. Insiders disposed of 1,080,210 shares of company stock worth roughly $17.87 million over the past 1 year. A total of 1.04% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TALO stock. A new stake in Talos Energy Inc. shares was purchased by COVALIS CAPITAL LLP during the first quarter worth $11,776,000. CONGRESS ASSET MANAGEMENT CO /MA invested $6,346,000 in shares of TALO during the first quarter. In the first quarter, EA SERIES TRUST acquired a new stake in Talos Energy Inc. valued at approximately $6,091,000. EMPOWERED FUNDS, LLC acquired a new stake in TALO for approximately $6,091,000. EUCLIDEAN TECHNOLOGIES MANAGEMENT, LLC purchased a new stake in TALO valued at around $1,543,000 in the second quarter. In total, there are 291 active investors with 97.70% ownership of the company’s stock.
Talos Energy Inc. (NYSE: TALO) opened at $16.90 on Friday. During the past 12 months, Talos Energy Inc. has had a low of $10.69 and a high of $22.63. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 0.60, and a quick ratio of 0.60. The fifty day moving average price for TALO is $16.15 and a two-hundred day moving average price translates $15.95 for the stock.
The latest earnings results from Talos Energy Inc. (NYSE: TALO) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.09, missing analysts’ expectations of $0.2 by -0.11. This compares to $2.33 EPS in the same period last year. The net profit margin was 25.30% and return on equity was 22.10% for TALO. The company reported revenue of $367.21 million for the quarter, compared to $519.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.26 percent. For the current quarter, analysts expect TALO to generate $370.77M in revenue.
Talos Energy Inc.(TALO) Company Profile
Talos Energy Inc., through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration activities. Talos Energy Inc. was founded in 2011 and is headquartered in Houston, Texas.
