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Talos Energy Inc (TALO) – Don’t Be So Quick to Call it Dead

Talos Energy Inc (NYSE: TALO) is -6.68% lower on its value in year-to-date trading and has touched a low of $10.69 and a high of $17.59 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TALO stock was last observed hovering at around $13.27 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $13.28, the stock is -4.23% and 0.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 0.08% at the moment leaves the stock -8.78% off its SMA200. TALO registered -9.48% loss for a year compared to 6-month loss of -16.16%.

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The stock witnessed a -0.08% gain in the last 1 month and extending the period to 3 months gives it a 5.31%, and is -6.41% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.16% over the week and 2.96% over the month.

Talos Energy Inc (TALO) has around 600 employees, a market worth around $2.44B and $1.46B in sales. Current P/E ratio is 8.21 and Fwd P/E is 24.96. Profit margin for the company is 12.85%. Distance from 52-week low is 24.23% and -24.50% from its 52-week high. The company has generated returns on investments over the last 12 months (5.68%).

The EPS is expected to grow by 59.39% this year

The shares outstanding are 183.43M, and float is at 145.30M with Short Float at 8.66%.

Talos Energy Inc (TALO) Insider Activity

The most recent transaction is an insider purchase by Control Empresarial de Capital, the company’s Add’l Rep. Persons-see Ex.99-1. SEC filings show that Control Empresarial de Capital bought 60,556 shares of the company’s common stock on Mar 15 ’24 at a price of $12.82 per share for a total of $0.78 million. Following the purchase, the insider now owns 35.92 million shares.

Talos Energy Inc disclosed in a document filed with the SEC on Mar 14 ’24 that Control Empresarial de Capital (Add’l Rep. Persons-see Ex.99-1) bought a total of 645,838 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $12.80 per share for $8.27 million. Following the transaction, the insider now directly holds 35.86 million shares of the TALO stock.

Still, SEC filings show that on Mar 13 ’24, Control Empresarial de Capital (Add’l Rep. Persons-see Ex.99-1) acquired 468,729 shares at an average price of $12.77 for $5.99 million. The insider now directly holds 35,216,510 shares of Talos Energy Inc (TALO).

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