Stocks of Talos Energy Inc (NYSE:TALO) traded higher last session on Wall Street, up 3.24% to $8.28.
TALO stock price is now 5.97% away from the 50-day moving average and -14.00% away from the 200-day moving average. The market capitalization of the company currently stands at $1.48B.
With the price target of $12, JP Morgan recently initiated with Neutral rating for Talos Energy Inc (NYSE: TALO). On September 19, 2024, Mizuho recently initiated its ‘Outperform’ rating on the stock quoting a target price of $16, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Control Empresarial de Capital, Add’l Rep. Persons-see Ex.99-1 bought 100,000 shares of the company’s stock on Sep 27 ’24. The stock was bought for $1,030,980 at an average price of $10.31. Upon completion of the transaction, the Add’l Rep. Persons-see Ex.99-1 now directly owns 43,545,604 shares in the company, valued at $360.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 26 ’24, Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital bought 336,700 shares of the business’s stock. A total of $3,430,502 was incurred on buying the stock at an average price of $10.19. This leaves the insider owning 43,445,604 shares of the company worth $359.73 million. A total of 25.76% of the company’s stock is owned by insiders.
During the past 12 months, Talos Energy Inc has had a low of $6.23 and a high of $12.71. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 1.05, and a quick ratio of 1.05.
The net profit margin was 1.27% and return on equity was 0.95% for TALO. The company reported revenue of $513.06 million for the quarter, compared to $429.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.33 percent. For the current quarter, analysts expect TALO to generate $448.93M in revenue.
