An interesting stock that came up in some of our conversations today is Talos Energy Inc. (NYSE:TALO). At current price of $18.36, the shares have already lost -0.44 points (-2.34% lower) from its previous close of $18.8. Should you buy or avoid them? The stock sets an active trading volume day with a reported 196394 contracts so far this session. TALO shares had a relatively better volume day versus average trading capacity of 366.05 thousand shares, but with a 38.98 million float and a -1.47% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for TALO stock indicates that the average analyst price target is $36 per share. This means the stock has a potential increase of 96.08% from where the TALO share price has been trading recently.
During the recent trading session for Talos Energy Inc. (NYSE:TALO), the company witnessed their stock drop by $-0.26 over a week and tumble down $-10.23 from the price 20 days ago. When compared to their established 52-week high of $31.34, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 07/01/20. The recent low of $17.4 stood for a -41.42% since 10/02/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Talos Energy Inc., the two-week RSI stands at 25.96. This figure suggests that TALO stock, for now, is overbought, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current TALO readings is similarly very revealing as it has a stochastic reading of 13.75% at this stage. This figure means that TALO share price today is being overbought.
Technical chart claims that Talos Energy Inc. (TALO) would settle between $19.11/share to $19.43/share level. However, if the stock price goes below the $18.35 mark, then the market for Talos Energy Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $17.9 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.16. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Guggenheim, assumed coverage of TALO assigning Buy rating, according to their opinion released on February 11. Stephens, analysts launched coverage of Talos Energy Inc. (NYSE:TALO) stock with a Overweight recommendation, according to their flash note issued to investors on December 06. Analysts at Northland Capital, made their first call for the equity with a Outperform recommendation, according to a research note that dated back to October 22.
TALO equity has an average rating of 1.83, with the figure leaning towards a bullish end. 5 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 5 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 5 analysts rated Talos Energy Inc. (NYSE:TALO) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, TALO stock price is currently trading at 6.55X forward 12-month Consensus EPS estimates, and its P/E ratio is 2.4 while for the average stock in the same group, the multiple is 14.3. Talos Energy Inc. current P/B ratio of 0.9 means it is trading at a discount against its industry’s 1.2.
Talos Energy Inc. (TALO)’s current-quarter revenues are projected to climb by nearly -5.5% to hit $244370, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 6% from $891290 to a noteworthy $944820. At the other end of the current quarter income statement, Talos Energy Inc. is expected to see its adjusted earnings surge by roughly -88.3% to hit $0.66 per share. For the fiscal year, TALO’s earnings are projected to climb by roughly -54.7% to hit $2.18 per share.