A share price of Talos Energy Inc [TALO] is currently trading at $14.40, up 0.49%. An important factor to consider is whether the stock is rising or falling in short-term value. The TALO shares have gain 3.45% over the last week, with a monthly amount glided 15.02%, and seem to be holding up well over a long-time horizon.
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On 18, March 2024, Talos Energy Announces Divestiture of Talos Low Carbon Solutions Subsidiary to TotalEnergies. In a post published today on Yahoo Finance, Talos Energy Inc. (“Talos”) (NYSE: TALO) today announced that it has entered into an agreement for the sale of its wholly owned subsidiary, Talos Low Carbon Solutions LLC (“TLCS”), to TotalEnergies E&P USA, Inc. (“TotalEnergies”) for a purchase price of $125 million plus customary reimbursements, adjustments and retention of cash, combined totaling approximately $148 million. The transaction was based on an effective date of January 1, 2024 and will close later today. Talos intends to use the proceeds from the sale to immediately repay borrowings under its credit facility and for general corporate purposes.
From an analyst’s perspective:
Talos Energy Inc [NYSE: TALO] stock has seen the most recent analyst activity on March 22, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $16.50. Previously, Canaccord Genuity started tracking the stock with Buy rating on November 21, 2023, and set its price target to $24. On April 25, 2023, Stephens initiated with a Overweight rating and assigned a price target of $21 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $18 on March 23, 2023. In a note dated April 14, 2022, Stephens initiated an Overweight rating and provided a target price of $28 on this stock.
Talos Energy Inc experienced fluctuations in its stock price throughout the past year between $10.69 and $17.59. Talos Energy Inc [NYSE: TALO] shares were valued at $14.40 at the most recent close of the market.
Analyzing the TALO fundamentals
Trailing Twelve Months sales for Talos Energy Inc [NYSE:TALO] were 1.46B which represents 12.49% growth. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.25 points at the first support level, and at 14.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.51, and for the 2nd resistance point, it is at 14.63.
Talos Energy Inc [TALO] reported earnings per share of -$0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of -$0.18 and a surprise factor of -105.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.15 per share as compared to estimates of $0.17 per share, a difference of -$0.02 representing a surprise of -11.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Talos Energy Inc [NYSE:TALO] is 0.73. On the other hand, the Quick Ratio is 0.73, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.81, the price to book ratio is 0.83 and price to earnings (TTM) ratio is 8.90.
Transactions by insiders
Recent insider trading involved Control Empresarial de Capital, Add’l Rep. Persons-see Ex.99-1, that happened on Mar 15 ’24 when 60556.0 shares were purchased. Add’l Rep. Persons-see Ex.99-1, Control Empresarial de Capital completed a deal on Mar 14 ’24 to buy 0.65 million shares. Meanwhile, Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital bought 0.47 million shares on Mar 13 ’24.
