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Talos Energy Inc. (NYSE:TALO) Is Now 35.37% Above Its 52-Week Low. How Long Will It Continue To Rise?

In last trading session, Talos Energy Inc. (NYSE:TALO) saw 10.35 million shares changing hands with its beta currently measuring 2.22. Company’s recent per share price level of $16.54 trading at -$0.44 or -2.59% at ring of the bell on the day assigns it a market valuation of $2.05B. That closing price of TALO’s stock is at a discount of -36.82% from its 52-week high price of $22.63 and is indicating a premium of 35.37% from its 52-week low price of $10.69. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.36 million shares which gives us an average trading volume of 2.11 million if we extend that period to 3-months.

For Talos Energy Inc. (TALO), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.09 in the current quarter.

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Talos Energy Inc. (NYSE:TALO) trade information

Upright in the red during last session for losing -2.59%, in the last five days TALO remained trading in the red while hitting it’s week-highest on Thursday, 09/14/23 when the stock touched $16.54 price level, adding 3.5% to its value on the day. Talos Energy Inc.’s shares saw a change of -12.39% in year-to-date performance and have moved -2.36% in past 5-day. Talos Energy Inc. (NYSE:TALO) showed a performance of -1.72% in past 30-days. Number of shares sold short was 10.92 million shares which calculate 8.01 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $21.00 to the stock, which implies a rise of 21.24% to its current value. Analysts have been projecting $16.00 as a low price target for the stock while placing it at a high target of $25.00. It follows that stock’s current price would drop -51.15% in reaching the projected high whereas dropping to the targeted low would mean a gain of 3.26% for stock’s current value.

Talos Energy Inc. (TALO) estimates and forecasts

Statistics highlight that Talos Energy Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 31.90% of value to its shares in past 6 months, showing an annual growth rate of -79.11% while that of industry is -31.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -88.00% in the current quarter and calculating 45.00% increase in the next quarter. This year revenue growth is estimated to fall -10.10% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $370.77 million for the same. And 6 analysts are in estimates of company making revenue of $411.06 million in the next quarter that will end on Dec 2023. Company posted $309.35 million and $342.2 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 19.90% while estimating it to be 20.10% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 42.80% during past 5 years.

TALO Dividends

Talos Energy Inc. is more likely to be releasing its next quarterly report between October 31 and November 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Talos Energy Inc. (NYSE:TALO)’s Major holders

Insiders are in possession of 1.04% of company’s total shares while institution are holding 75.56 percent of that, with stock having share float percentage of 76.36%. Investors also watch the number of corporate investors in a company very closely, which is 75.56% institutions for Talos Energy Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at TALO for having 17.51 million shares of worth $289.61 million. And as of Jun 29, 2023, it was holding 14.11% of the company’s outstanding shares.

The second largest institutional holder is Bain Capital Credit, LP, which was holding about 15.12 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 12.19% of outstanding shares, having a total worth of $250.09 million.

On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 30, 2023, the former fund manager was holding 7.63 million shares of worth $126.16 million or 6.15% of the total outstanding shares. The later fund manager was in possession of 3.35 million shares on Jun 29, 2023, making its stake of worth around $55.43 million in the company or a holder of 2.70% of company’s stock.

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