Talos EnergyNYSE: TALO

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HOUSTON , Oct. 1, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that its Board of Directors has adopted a limited duration stockholder rights plan (the "Rights Plan"). The Rights Plan is effective immediately and will expire on October 1, 2025, unless approved by Talos stockholders at the Company's next Annual Meeting.

U.S. company Talos Energy said on Thursday it had discovered commercial quantities of oil and natural gas in a subsea well in the Gulf of Mexico.

Talos Energy's free cash flow is inflecting and should be able to support buybacks. The private equity ownership has decreased dramatically and implies less structural selling pressure in the future. The company also gained as a strategic investor, Mexico's Carlos Slim; Mr. Slim recently bought more shares in the low-teens.

Talos Energy (TALO) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This compares to earnings of $0.09 per share a year ago.

HOUSTON, Texas , Aug. 7, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced its operational and financial results for fiscal quarter ended June 30, 2024. Talos also provided third quarter 2024 production guidance and reiterated its operational and financial guidance for the full year 2024.

HOUSTON , July 22, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that Talos made updates to its share repurchase program and ongoing debt paydown, including: Repurchased approximately $43 million, or 3.8 million shares, of common stock at an average price of $11.26 per share during the second quarter 2024. Talos's Board of Directors also recently authorized an additional $150 million for Talos's existing common stock repurchase program.

Talos Energy is a small player that has engaged in offshore growth through acquisitions and organic growth. The recent acquisition has a high value and may result in one-time assimilation costs that could affect the income statement for up to a year. The company's debt ratio is already down to 1.0, which is a positive sign for the stock market, and the debt market has reacted by decreasing interest rates.

Talos Energy (TALO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.