Talos Energy (TALO) Update - Oct 19

[dan_s]

I am updating my forecast/valuation model for Talos Energy this morning. It will be posted to the EPG website this afternoon.

TALO is trading for $9.59 at the time of this post.

TipRanks: Talos Energy named a Top Idea for 2021 at Northland
Northland analyst Subash Chandra named Talos Energy as one of the firm's Top Ideas for 2021, telling investors that with the company having addressed the maturity wall with a December equity offering and refinancing that they "enter 2021 with breathing room to cross the finish line with Zama." Chandra has an Outperform rating and $19 price target on Talos shares.

On 12/31/2020 Stifel rated TALO a BUY with a price target of $14.00.

Zama is a world class oil discovery in shallow water offshore Mexico. Read our profile on Talos Energy for more information. You can find it under the Sweet 16 Tab on the EPG website.

Talos is going to report a significant increase in their production from Q3 to Q4, making them now free cash flow positive.