Talos Energy Inc (NYSE: TALO) Not A Good Play Anymore?

Talos Energy Inc (TALO) concluded trading on Thursday at a closing price of $12.06, with 6.59 million shares of worth about $79.47 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.23% during that period and on August 08, 2024 the price saw a gain of about 16.97%. Currently the company’s common shares owned by public are about 183.92M shares, out of which, 144.09M shares are available for trading.

Stock saw a price change of 4.33% in past 5 days and over the past one month there was a price change of 5.24%. Year-to-date (YTD), TALO shares are showing a performance of -15.25% which decreased to -26.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.81 but also hit the highest price of $17.59 during that period. The average intraday trading volume for Talos Energy Inc shares is 2.10 million. The stock is currently trading 5.59% above its 20-day simple moving average (SMA20), while that difference is up 6.19% for SMA50 and it goes to -6.98% lower than SMA200.

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Talos Energy Inc (NYSE: TALO) currently have 183.92M outstanding shares and institutions hold larger chunk of about 79.57% of that.

The stock has a current market capitalization of $2.22B and its 3Y-monthly beta is at 1.95. PE ratio of stock for trailing 12 months is 443.38, while it has posted earnings per share of $0.03 in the same period. It has Quick Ratio of 0.80 while making debt-to-equity ratio of 0.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TALO, volatility over the week remained 6.00% while standing at 3.84% over the month.

Stock’s fiscal year EPS is expected to drop by -68.12% while it is estimated to increase by 693.64% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on July 22, 2024 offering a Buy rating for the stock and assigned a target price of $14 to it. Coverage by Citigroup stated Talos Energy Inc (TALO) stock as a Buy in their note to investors on March 22, 2024, suggesting a price target of $16.50 for the stock. On November 21, 2023, Canaccord Genuity Initiated their recommendations, while on April 25, 2023, Stephens Initiated their ratings for the stock with a price target of $21. Stock get an Overweight rating from KeyBanc Capital Markets on March 23, 2023.

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