Talos Energy Inc. (NYSE:TALO) closed Thursday at $16.06 per share, down from $16.94 a day earlier. While Talos Energy Inc. has underperformed by -5.19%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TALO rose by 53.54%, with highs and lows ranging from $25.49 to $8.57, whereas the simple moving average jumped by 8.31% in the last 200 days.
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On July 20, 2022, MKM Partners started tracking Talos Energy Inc. (NYSE: TALO) recommending Buy. A report published by Stephens on April 14, 2022, Initiated its previous ‘Overweight’ rating for TALO. BMO Capital Markets also Downgraded TALO shares as ‘Market Perform’, setting a target price of $12.50 on the company’s shares in a report dated January 10, 2022. The Benchmark Company Initiated an Buy rating on November 03, 2021, and assigned a price target of $23. KeyBanc Capital Markets August 26, 2021d its ‘Sector Weight’ rating to ‘Overweight’ for TALO, as published in its report on August 26, 2021. Citigroup’s report from June 08, 2021 suggests a price prediction of $19 for TALO shares, giving the stock a ‘Buy’ rating. KeyBanc Capital Markets also rated the stock as ‘Sector Weight’.
Analysis of Talos Energy Inc. (TALO)
Further, the quarter-over-quarter increase in sales is 54.40%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Talos Energy Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -18.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and TALO is recording an average volume of 1.54M. On a monthly basis, the volatility of the stock is set at 6.39%, whereas on a weekly basis, it is put at 7.02%, with a loss of -12.05% over the past seven days. Furthermore, long-term investors anticipate a median target price of $27.29, showing growth from the present price of $16.06, which can serve as yet another indication of whether TALO is worth investing in or should be passed over.
How Do You Analyze Talos Energy Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in TALO shares?
The recent increase in stakes in TALO appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in TALO has increased by 0.17% in the first quarter. The company now owns 6,530,400 shares of the stock, with a value of $101.03 million, following the purchase of 10,948 additional shares during the last quarter. Sourcerock Group LLC made another increased to its shares in TALO during the first quarter, upping its stake by 14.71%. During the last quarter, the company picked up 571,074 additional shares for a total stake of worth $68.89 million, bringing number of shares owned by the company to 4,453,205.
During the first quarter, The Vanguard Group, Inc. added a 951,950 position in TALO. SSgA Funds Management, Inc. purchased an additional 0.21 million shares in the last quarter, increasing its holdings by 6.60%, now holding 3.47 million shares worth $53.7 million. At the end of the first quarter, MacKay Shields LLC decreased its TALO holdings by 0.00% and now holds 3.36 million TALO shares valued at $51.95 million with the lessened 0.0 shares during the period. TALO shares are owned by institutional investors to the tune of 84.50% at present.