The stock of Talos Energy Inc. (NYSE:TALO) increased by $0.33 on Friday to finish at $16.75, up 2.01 percent. The last five days have seen an average of 976,100 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$2.13. The average number of shares traded over the last 20 days was 1,438,285, while the average volume over the last 50 days totaled 2,327,544.
TALO stock appreciated 10.20% since last month. On 07/27/23, the company’s shares reached a one-month low of $15.00. The stock touched a high of $22.63 on 01/17/23, after rallying from a low of $10.69 in 52 weeks. The price of TALO stock has declined by -11.28% or -$2.13 this year, reaching a new high 7 times. Still, the stock price is down -25.98% from the 52-week high.
Insider Transactions
TALO stock investors should be aware that Talos Energy Inc. (TALO) stock had its last reported insider trading activity 84 days ago on Jun 05. On Jun 05, 10% Owner BCC EnVen Investments (S), L.P sold 25,003 shares at $13.47 each. This transaction resulted in the insider making $336,790. On Jun 05, BAIN CAPITAL CREDIT MEMBER, LL sold 25,003 shares at a price of US$13.47. After the transaction, the insider now owns 15,120,372 shares. 10% Owner BCC EnVen Investments (S), L.P had earlier sold 363,804 shares on Apr 20 for $14.50 a share. The transaction was completed for $5,275,158.
Valuation Metrics
Talos Energy Inc. (TALO) has a trailing price-to-earnings (P/E) ratio of 4.22. Beta for the stock is 2.20. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.45, the price-to-book (PB) ratio of 1.02, and the price-to-cash flow ratio of 16.63.
Financial Health
For the three months ended June 29, Talos Energy Inc.’s quick ratio was 0.60, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.55, and the total debt to equity ratio is 0.58. As far as profitability goes, gross margin for the trailing twelve months is 75.40% percent. Talos Energy Inc.’s EBITDA margin for the year ended June 29 was 73.05%, whereas its operating margin stood at 20.60% for the same period. Based on annual data, it had gross profit of $736.12 million and revenue of $1.65 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TALO’s return on assets (ROA) during the last 12 months has been 9.20%. There was a 38.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 22.10%.
Earnings Surprise
According to Talos Energy Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $367.21 million, while revenues fell by -41.36% to $322.58 million. It was predicted that Talos Energy Inc.’s quarterly earnings would be $0.09, but it ended up being $0.2, beating the consensus by -55.00%. EBITDA was $236.46 million for the quarter. At the end of Talos Energy Inc.’s most recent quarter ended June 29, its liabilities totaled 2.74 billion, while its total debt was $1.22 billion. Equity owned by shareholders amounts to $124.06 million.
Technical Picture
Here’s a quick look at Talos Energy Inc.’s (TALO) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 55.40%, suggesting the stock is Neutral, with a 19.76% historical volatility rate.
The stochastic %K and %D were 51.25% and 60.58% respectively, while the average true range (ATR) was 0.48. Based on the 14-day stochastic reading of 50.00%, the RSI (14) reading is 59.30%. On the 9-day MACD Oscillator, the stock is at -0.18, and the 14-day reading is at -0.19.
Analyst Ratings
In its analyst report released on April 25, 2023, Stephens began covering Talos Energy Inc. (NYSE: TALO). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Talos Energy Inc. (TALO) an Overweight rating. TALO is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is TALO’s price target for the next 12 months?
The current consensus forecast for the stock is between $16.00 and $25.00, with a median target price of $21.00. In analyzing these forecasts, the average price target given by analysts for Talos Energy Inc. (TALO) is $21.00.
