Talos Energy Inc. (NYSE: TALO) stock fell -1.48% on Tuesday to $20.68 against a previous-day closing price of $20.99. With 0.6 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.06 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $21.30 whereas the lowest price it dropped to was $20.60. The 52-week range on TALO shows that it touched its highest point at $25.49 and its lowest point at $9.08 during that stretch. It currently has a 1-year price target of $28.67. Beta for the stock currently stands at 2.29.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TALO was down-trending over the past week, with a drop of -0.67%, but this was up by 6.11% over a month. Three-month performance surged to 0.15% while six-month performance rose 23.91%. The stock gained 111.45% in the past year, while it has gained 9.53% so far this year. A look at the trailing 12-month EPS for TALO yields 5.50 with Next year EPS estimates of 5.26. For the next quarter, that number is 0.73. This implies an EPS growth rate of 67.50% for this year and 47.85% for next year.
Float and Shares Shorts:
At present, 82.58 million TALO shares are outstanding with a float of 69.64 million shares on hand for trading. On Oct 13, 2022, short shares totaled 7.17 million, which was 8.68% higher than short shares on Sep 14, 2022. In addition to Mr. Timothy S. Duncan as the firm’s Founder, Pres, CEO & Director, Mr. John Arthur Parker serves as its Founder & Exec. VP of Exploration.
Through their ownership of 94.08% of TALO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.18% of TALO, in contrast to 35.76% held by mutual funds. Shares owned by individuals account for 29.25%. As the largest shareholder in TALO with 11.78% of the stake, BlackRock Fund Advisors holds 9,722,293 shares worth 9,722,293. A second-largest stockholder of TALO, The Vanguard Group, Inc., holds 6,414,501 shares, controlling over 7.77% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in TALO, holding 4,778,009 shares or 5.79% stake. With a 5.83% stake in TALO, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 4,817,080 shares are owned by the mutual fund manager. The SPDR S&P Oil & Gas Exploration &, which owns about 3.02% of TALO stock, is the second-largest Mutual Fund holder. It holds 2,496,479 shares valued at 47.13 million. Vanguard Total Stock Market Index holds 2.44% of the stake in TALO, owning 2,019,211 shares worth 38.12 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TALO since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TALO analysts setting a high price target of $40.00 and a low target of $21.00, the average target price over the next 12 months is $28.33. Based on these targets, TALO could surge 93.42% to reach the target high and rise by 1.55% to reach the target low. Reaching the average price target will result in a growth of 36.99% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TALO will report FY 2022 earnings on 02/23/2024. Analysts have provided yearly estimates in a range of $3.38 being high and $2.50 being low. For TALO, this leads to a yearly average estimate of $3.14. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Talos Energy Inc. surprised analysts by $0.11 when it reported $0.75 EPS against a consensus estimate of $0.64. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.94 and the low estimate is $0.41. The average estimate for the next quarter is thus $0.61.
Summary of Insider Activity:
Insiders traded TALO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 140 over the past year. The total number of shares bought during that period was 388,950 while 15,729,382 shares were sold.