Growth Story Still Intact For Talos Energy Inc (TALO)

Talos Energy Inc (TALO) concluded trading on Wednesday at a closing price of $10.84, with 2.91 million shares of worth about $31.51 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.85% during that period and on October 02, 2024 the price saw a gain of about 3.93%. Currently the company’s common shares owned by public are about 180.15M shares, out of which, 135.33M shares are available for trading.

Stock saw a price change of 3.14% in past 5 days and over the past one month there was a price change of -2.34%. Year-to-date (YTD), TALO shares are showing a performance of -23.82% which decreased to -30.20% 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 $16.99 during that period. The average intraday trading volume for Talos Energy Inc shares is 2.40 million. The stock is currently trading -0.55% below its 20-day simple moving average (SMA20), while that difference is down -3.73% for SMA50 and it goes to -12.52% lower than SMA200.

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Talos Energy Inc (NYSE: TALO) currently have 180.15M outstanding shares and institutions hold larger chunk of about 80.81% of that.

The stock has a current market capitalization of $1.95B and its 3Y-monthly beta is at 1.93. PE ratio of stock for trailing 12 months is 398.53, 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 4.14% while standing at 3.83% over the month.

Stock’s fiscal year EPS is expected to drop by -73.81% while it is estimated to increase by 160.63% 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 Mizuho on September 19, 2024 offering an Outperform rating for the stock and assigned a target price of $16 to it. Coverage by Goldman stated Talos Energy Inc (TALO) stock as a Buy in their note to investors on July 22, 2024, suggesting a price target of $14 for the stock. On March 22, 2024, Citigroup Initiated their recommendations, while on November 21, 2023, Canaccord Genuity Initiated their ratings for the stock with a price target of $24. Stock get an Overweight rating from Stephens on April 25, 2023.

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