Talos Energy Inc. (NYSE: TALO) stock fell -3.40% on Thursday to $12.80 against a previous-day closing price of $13.25. With 1.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.03 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $12.94 whereas the lowest price it dropped to was $12.52. The 52-week range on TALO shows that it touched its highest point at $25.49 and its lowest point at $10.69 during that stretch. It currently has a 1-year price target of $20.83. Beta for the stock currently stands at 2.23.
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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 up-trending over the past week, with a rise of 6.40%, but this was up by 1.75% over a month. Three-month performance dropped to -28.09% while six-month performance fell -38.04%. The stock lost -37.62% in the past year, while it has lost -32.20% so far this year. A look at the trailing 12-month EPS for TALO yields 6.19 with Next year EPS estimates of 2.92. For the next quarter, that number is 0.37. This implies an EPS growth rate of 304.00% for this year and 131.59% for next year.
Float and Shares Shorts:
At present, 105.63 million TALO shares are outstanding with a float of 69.64 million shares on hand for trading. On Apr 27, 2023, short shares totaled 7.3 million, which was 5.73% higher than short shares on Mar 30, 2023. In addition to Mr. Timothy S. Duncan as the firm’s Founder, Pres, CEO & Director, Mr. Shannon E. Young III serves as its Exec. VP & CFO.
Through their ownership of 82.50% of TALO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 41.39% of TALO, in contrast to 33.40% held by mutual funds. Shares owned by individuals account for 31.24%. As the largest shareholder in TALO with 11.99% of the stake, Bain Capital Credit LP holds 15,145,377 shares worth 15,145,377. A second-largest stockholder of TALO, BlackRock Fund Advisors, holds 9,808,137 shares, controlling over 7.76% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in TALO, holding 6,811,570 shares or 5.39% stake. With a 3.75% stake in TALO, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 4,734,239 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.65% of TALO stock, is the second-largest Mutual Fund holder. It holds 3,351,463 shares valued at 45.68 million. Pacer Fds. Tr. – US Small Cap Cas holds 1.99% of the stake in TALO, owning 2,518,463 shares worth 34.33 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, TALO reported revenue of $519.09M and operating income of $275.99M. The EBITDA in the recently reported quarter was $292.62M and diluted EPS was $2.33.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TALO since 0 analysts follow the stock currently. 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 $23.00 and a low target of $15.00, the average target price over the next 12 months is $20.29. Based on these targets, TALO could surge 79.69% to reach the target high and rise by 17.19% to reach the target low. Reaching the average price target will result in a growth of 58.52% 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.
Summary of Insider Activity:
Insiders traded TALO stock several times over the past three months with 16 Buys and 10 Sells. In these transactions, 354,157 shares were bought while 302,596 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 66 over the past year. The total number of shares bought during that period was 429,282 while 4,004,276 shares were sold.