Recent news is that several analysts have sharply downgraded earnings estimates for Talos Energy by as much as 40% despite the EnVen Energy deal
which is projected to grow 2023 production by 40% to about 80k bod plus the April announcement $100 million share buyback from Talos Energy.
EPG targets a fair value for TALO of $29 while it still trades at $11, about 2.2x trailing earnings. In January, 2020, the pre-Covid share price was
$30.
What's up and what's down for Talos Energy, please.
Thank you.