Buying Talos Energy Inc. (TALO) Stock Is A Smart Move Today?

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MNDY Stock
MNDY Stock

Talos Energy Inc. (NYSE:TALO) traded with a subtraction of -$1.01 to $17.86 on Thursday, a downside of -5.33 percent. An average of 2,487,774 shares of common stock have been traded in the last five days. There was a fall of -$3.69 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 1,603,639 shares traded, while the 50-day average volume stands at 1,361,621.

TALO stock has decreased by -5.46% in the last month. The company shares reached their 1-month lowest point of $17.68 on 09/22/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $8.57 and a high of $25.49 in 52 weeks. It has reached a new high 30 times so far this year and achieved 92.55% or $8.03 in price. In spite of this, the price is down -29.91% from the 52-week high.


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Insider Transactions

97 days have passed since Talos Energy Inc. (TALO) last reported insider trading activity. Riverstone Energy Partners V, who is Director, most recently acquired $10,530 shares at $20.19 per share on Jun 17. In this transaction, the insider spent $212,651. Director, RIVERSTONE HOLDINGS LLC, disposed of 10,530 shares at a price of $20.19 on Jun 17. The insider now owns more than $212,651 worth of shares. Prior to that, Director RIVERSTONE HOLDINGS LLC went on to Sale 172,743 shares at $20.20 each on Jun 16. An amount of $3,489,806 was transacted.

Valuation Metrics

Talos Energy Inc. (TALO) has a trailing price-to-earnings (P/E) ratio of 8.18. The stock’s beta is 2.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.03, the price-to-book (PB) ratio at 1.74, and the price-to-cash flow ratio at 6.09.

Financial Health

The quick ratio of Talos Energy Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.88 and a total debt to equity ratio of 0.91 for the quarter ending June 29. Its gross profit as reported stood at $374.62 million compared to revenue of $1.24 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Talos Energy Inc.’s return on assets was 6.90%.

Earnings Surprise

For the three-month period that ended June 29, Talos Energy Inc. had $788.47 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $195.14 million in the quarter, while revenues of -$66.44 million were grew 164.46%. The analyst consensus anticipated Talos Energy Inc.’s latest quarter earnings to come in at $1.07 per share, but it turned out to be $1.2, a 12.10% surprise. For the quarter, EBITDA amounted to $398.88 million. Shareholders own equity worth $82.54 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Talos Energy Inc. (TALO) price momentum. RSI 9-day as of the close on 21 September was 33.35%, suggesting the stock is Neutral, with historical volatility in this time frame at 68.78%.

As of today, TALO’s price is $19.38 -17.12% or -$3.69 from its 5-day moving average. TALO is currently trading -15.27% lower than its 20-day SMA and -1.84% lower than its 100-day SMA. However, the stock’s current price level is +30.85% above the SMA50 and +69.86% above the SMA200.

The stochastic %K and %D were 10.37% and 22.58%, respectively, and the average true range (ATR) was 1.35. With the 14-day stochastic at 3.22% and the average true range at 1.32, the RSI (14) stands at 40.23%. The stock has reached -1.39 on the 9-day MACD Oscillator while the 14-day reading was at -1.31.

What is TALO’s price target for the next 12 months?

Analysts predict a range of price targets between $23.00 and $40.00, with a median target of $27.00. Taking a look at these predictions, the average price target given by analysts for Talos Energy Inc. (TALO) stock is $28.20.

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