Market cap of Talos Energy Inc. [TALO] reaches 1.54B – now what?


Talos Energy Inc. [NYSE: TALO] The share price fell by -1.3 points on Thursday, while the share price fell at $17.57 by the end of the session, down -6.89%. Company report on September 22 2022 Talos Energy has announced the strategic acquisition of EnVen Energy, increasing the operational scope and improving the financial profile by adding deepwater oil-weighted assets with critical infrastructure.

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Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced the execution of definitive agreements to acquire EnVen Energy Corporation (“EnVen”), a private deepwater operator in the Gulf of Mexico, United States, for 1.1 dollar. 1 billion. The strategic deal expands Talos operations in the Gulf of Mexico by high margin, oil weighted assets, accrual to Talos shareholders in 2023E free cash flow per share 2 and leverage is immediately eliminated.

The consideration for the transaction consists of 43.8 million Talos shares and $212.5 million in cash, as well as the assumption of EnVen’s net debt at closing, currently estimated at approximately $50.0 million at the end of 2022. Following the transaction, Talos shareholders will own approximately 66% of the company’s pro forma owners. EnVen shares the remaining 34%. The transaction was unanimously approved by the board of directors of each company. Closing is expected by the end of 2022, under usual closing conditions.

Talos Energy Inc. stock rose. Now at 79.29% of its trade value to date (YTD). TALO stock saw an intraday high of $19.65 and a low of $17.53 per share. The company’s 52-week high is 25.49, which means that the current price is +93.50% higher than the all-time high touched on 06/08/22.

Compared to an average trading volume of 1.48 million shares, TALO had a trading volume of 2837487 on the last trading day, which is why market watchers consider the stock to be active.

What Top Market Experts Say About Talos Energy Inc. [TALO]?

Based on accurate and fact-backed analyzes by Wall Street experts, the current consensus on a target price for Tallow shares is $27.40 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on TALO stock is a set recommendation at 1.80. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

MKM Partners has made an appreciation for the shares of Talos Energy Inc. , retaining their opinion of the stock as a buy, with their previous recommendation back on July 20, 2022. While these analysts held the previous recommendation, Stephens raised the target price to Overweight. The new note about price target was released on April 14, 2022, which is the official target price for Talos Energy Inc.’s stock. Previously, the price target saw another drop from $14 to $12.50, while BMO Capital Markets maintained its market performance rating on Tallow stock.

The Average True Range (ATR) is set for Talos Energy Inc. at 1.31, with a price-to-sales ratio for TALO stock in the last twelve months at 0.96. The price-to-book ratio for the last quarter was 1.62, with the price-to-cash ratio for the stock in the same quarter set at 1.28. TALO’s free cash flow rate for the past 12 months was 5.67 with a Q4 quick ratio of 0.70.

How has TALO stock been performing lately?

Talos Energy Inc. [TALO] It fell into the red at the end of last week, fell in a negative direction and fell by -18.36. With this latest performance, TALO shares are down -14.21% over the past four-week period, as well as down 11.63% over the past six months — not to mention up 36.63% in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for TALO stock for the past two weeks was set at 39.24, with the RSI for the last one trading at 32.12, and the three-week RSI set at 43.36 for Talos Energy Inc. [TALO]. The current moving average for the last 50 trading days of this stock is 18.73, while it recorded at 19.33 for the last trading week, and 16.27 for the last 200 days.

Talos Energy Inc. [TALO]: A deeper look into the basics

Operating margin for any stock indicates how profitable the investment is, Talos Energy Inc. [TALO] The stock currently has an operating margin of +31.99 and a gross margin of +40.45. Net Margin for Talos Energy Inc. Currently at -14.70.

The return on equity for this stock fell to -21.69, with the return on assets remaining at -6.53.

The liquidity data of Talos Energy Inc. Interesting too, with the quick ratio at 0.70 and the current ratio at 0.70.

Inside business stands for Talos Energy Inc. [TALO]

There are currently approximately $1,344 million, or 94.00% of TALO’s stock, in the hands of institutional investors. The three largest corporate owners of Tallow stock are: RIVERSTONE HOLDINGS LLC with ownership of 12,291,914, which represents approximately -39.359% of the company’s market capitalization and approximately 0.78% of the total institutional ownership; BLACKROCK INC. , which owns 8,807,417 shares of stock with an approximate value of $154.75 million in TALO stock; and VANGUARD GROUP INC, which currently holds $96.69 million in TALO shares with ownership of approximately 29.479% of the company’s market capitalization.

Positions in the shares of Talos Energy Inc. have increased. held by institutional investors at the end of August and at the time of the August report, as 144 institutional owners consolidated their positions in Talos Energy Inc. [NYSE:TALO] About 162,19422 shares. In addition, the number of 67 investors decreased by about 15,146,026 shares, while 17 investors held positions with 45,107,539 shares. The said changes put institutional holdings at 76,472,987 shares, according to the latest report from the Securities and Exchange Commission. Tallow had 47 new institutional investments totaling 3,349,487 shares, while 21 institutional investors sold positions worth 1,669,881 shares during the same period.

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