The price of Talos Energy Inc (NYSE:TALO) shares last traded on Wall Street fell -0.19% to $10.79.
TALO stock price is now -7.00% away from the 50-day moving average and -14.68% away from the 200-day moving average. The market capitalization of the company currently stands at $1.94B.
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With the price target of $14, Goldman recently initiated with Buy rating for Talos Energy Inc (NYSE: TALO). On March 22, 2024, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $16.50, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, Control Empresarial de Capital, Add’l Rep. Persons-see Ex.99-1 bought 1,850,000 shares of the company’s stock on Sep 04 ’24. The stock was bought for $20,571,815 at an average price of $11.12. Upon completion of the transaction, the Add’l Rep. Persons-see Ex.99-1 now directly owns 42,535,904 shares in the company, valued at $458.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital bought 547,000 shares of the business’s stock. A total of $5,975,319 was incurred on buying the stock at an average price of $10.92. This leaves the insider owning 40,685,904 shares of the company worth $439.0 million. A total of 22.69% of the company’s stock is owned by insiders.
During the past 12 months, Talos Energy Inc has had a low of $9.81 and a high of $17.50. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for TALO is $11.602 and a two-hundred day moving average price translates $12.647 for the stock.
The latest earnings results from Talos Energy Inc (NYSE: TALO) was released for 2024-06-30. The net profit margin was -0.93% and return on equity was -0.68% for TALO. The company reported revenue of $549.16 million for the quarter, compared to $367.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.55 percent.
