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Talos Energy (TALO) Stock Moves -0.14%: What You Should Know

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Talos Energy (TALO - Free Report) closed at $20.74 in the latest trading session, marking a -0.14% move from the prior day. This change was narrower than the S&P 500's 0.65% loss on the day. At the same time, the Dow added 0.12%, and the tech-heavy Nasdaq gained 0.03%.

Heading into today, shares of the independent oil and gas company had gained 0.78% over the past month, outpacing the Oils-Energy sector's loss of 2.93% and the S&P 500's loss of 11.07% in that time.

Investors will be hoping for strength from Talos Energy as it approaches its next earnings release. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $261.62 million, down 10.07% from the year-ago period.

TALO's full-year Zacks Consensus Estimates are calling for earnings of $4.76 per share and revenue of $1.34 billion. These results would represent year-over-year changes of +6700% and +7.6%, respectively.

It is also important to note the recent changes to analyst estimates for Talos Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Talos Energy is currently sporting a Zacks Rank of #2 (Buy).

Digging into valuation, Talos Energy currently has a Forward P/E ratio of 4.36. Its industry sports an average Forward P/E of 4.96, so we one might conclude that Talos Energy is trading at a discount comparatively.

The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 13% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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