This trade activity should not be overlooked: Talos Energy Inc (TALO)

With 1.41 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.74 shares. The 52-week range on TALO shows that it touched its highest point at $19.51 and its lowest point at $10.69 during that stretch. It currently has a 1-year price target of $19.21. Beta for the stock currently stands at 2.02.

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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 0.57%, but this was down by -5.82% over a month. Three-month performance dropped to -9.49% while six-month performance fell -26.83%. The stock lost -33.48% in the past year, while it has lost -13.56% so far this year. A look at the trailing 12-month EPS for TALO yields 0.96 with Next year EPS estimates of 0.56. For the next quarter, that number is 0.17. This implies an EPS growth rate of -82.65% for this year and 9.54% for next year.

Float and Shares Shorts:

At present, 158.58 million TALO shares are outstanding with a float of 110.14 million shares on hand for trading. On Jan 31, 2024, short shares totaled 11.95 million, which was 7.54% higher than short shares on Dec 29, 2023. In addition to Mr. Timothy S. Duncan as the firm’s Founder, President, CEO & Director, Mr. William S. Moss III serves as its Executive VP, General Counsel & Secretary.

Institutional Ownership:

Through their ownership of 66.90% of TALO’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

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 $25.00 and a low target of $13.00, the average target price over the next 12 months is $19.21. Based on these targets, TALO could surge 103.25% to reach the target high and rise by 5.69% to reach the target low. Reaching the average price target will result in a growth of 56.18% from current levels.

Summary of Insider Activity:

Insiders traded TALO stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 140,251 shares were bought while 0 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 2,138,603 while 1,080,210 shares were sold.