Talos Energy Inc (TALO) Shares Rise Despite Market Challenges

Talos Energy Inc (NYSE: TALO) has seen a rise in its stock price by 0.29 in relation to its previous close of 13.92. However, the company has experienced a 2.72% gain in its stock price over the last five trading sessions. Reuters reported 2024-03-18 that U.S. oil and gas producer Talos Energy said on Monday it will sell its carbon capture and sequestration unit to French firm TotalEnergies for about $148 million.

Is It Worth Investing in Talos Energy Inc (NYSE: TALO) Right Now?

The price-to-earnings ratio for Talos Energy Inc (NYSE: TALO) is above average at 8.63x. The 36-month beta value for TALO is also noteworthy at 2.01. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for TALO is 139.32M, and at present, short sellers hold a 9.81% of that float. The average trading volume of TALO on April 03, 2024 was 2.21M shares.

TALO’s Market Performance

TALO’s stock has seen a 2.72% increase for the week, with a 4.73% rise in the past month and a -1.90% fall in the past quarter. The volatility ratio for the week is 3.32%, and the volatility levels for the past 30 days are at 3.54% for Talos Energy Inc The simple moving average for the past 20 days is 5.75% for TALO’s stock, with a -4.04% simple moving average for the past 200 days.

Analysts’ Opinion of TALO

Many brokerage firms have already submitted their reports for TALO stocks, with Citigroup repeating the rating for TALO by listing it as a “Buy.” The predicted price for TALO in the upcoming period, according to Citigroup is $16.50 based on the research report published on March 22, 2024 of the current year 2024.

Canaccord Genuity, on the other hand, stated in their research note that they expect to see TALO reach a price target of $24. The rating they have provided for TALO stocks is “Buy” according to the report published on November 21st, 2023.

Stephens gave a rating of “Overweight” to TALO, setting the target price at $21 in the report published on April 25th of the previous year.

TALO Trading at 7.52% from the 50-Day Moving Average

After a stumble in the market that brought TALO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.64% of loss for the given period.

Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 3.32%, as shares surge +5.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.66% upper at present.

During the last 5 trading sessions, TALO rose by +2.72%, which changed the moving average for the period of 200-days by +0.72% in comparison to the 20-day moving average, which settled at $13.24. In addition, Talos Energy Inc saw -1.90% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TALO starting from Control Empresarial de Capital, who purchase 60,556 shares at the price of $12.82 back on Mar 15 ’24. After this action, Control Empresarial de Capital now owns 35,922,904 shares of Talos Energy Inc, valued at $776,328 using the latest closing price.

Control Empresarial de Capital, the Add’l Rep. Persons-see Ex.99-1 of Talos Energy Inc, purchase 645,838 shares at $12.80 during a trade that took place back on Mar 14 ’24, which means that Control Empresarial de Capital is holding 35,862,348 shares at $8,267,372 based on the most recent closing price.

Stock Fundamentals for TALO

Current profitability levels for the company are sitting at:

  • 0.15 for the present operating margin
  • 0.39 for the gross margin

The net margin for Talos Energy Inc stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 11.28, with 4.76 for asset returns.

Based on Talos Energy Inc (TALO), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 1.3.

Currently, EBITDA for the company is 931.38 million with net debt to EBITDA at 1.19. When we switch over and look at the enterprise to sales, we see a ratio of 2.55. The receivables turnover for the company is 5.25for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.73.

Conclusion

In summary, Talos Energy Inc (TALO) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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