Talos is Still a Bargain at Today’s Price

TalosTalos Energy Inc. (NYSE: TALO) is an oil and natural gas company that could easily fit into an alternative portfolio. Bargain alternative investors will like this stock for its price and because of the clean aspect of its natural gas component. Natural gas is an essential transition fuel as we move from a fossil-fuel-dominated economy, into one where renewables will become the driving force.

Talos is compelling because of its price and its growth momentum. When we looked at this stock in August 2020, it was trading for under $8. Today, it has produced a strong return by climbing beyond $13 in yesterday’s session. Analysts see the price going higher with an average target of $15.57 and a high-end target of $19.00 possible if oil prices continue to climb. The stock’s momentum in the last year and even so far in 2021 has been impressive.

Energy prices are increasing as America’s economy recovers. This low-priced stock is a good interim bet for bargain investors who want a reliable traditional energy pick as momentum in renewables continues to grow.

Key Data:

  • 1 Year Price Growth: 73%
  • YTD Price Growth: 93%
  • 3 Month Price Growth: 10%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions

 

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