Talos Energy's Major Offshore Discovery: Oil And Gas Found In Gulf Of Mexico
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 05 2024
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Source: Benzinga
Talos Energy's Recent Discoveries: Talos Energy has successfully discovered commercial quantities of oil and natural gas at its Ewing Bank 953 well, with an estimated recoverable potential of 15–25 million barrels of oil equivalent. The company is also participating in the Sebastian prospect, which targets additional resources in the Gulf of Mexico.
Stock Performance and Leadership Changes: Despite these discoveries, Talos shares have dropped over 37% in the past year, currently trading down 0.42% at $10.77. Additionally, Tim Duncan has resigned as President and CEO, effective August 29, 2024.
Analyst Views on HAP
Wall Street analysts forecast HAP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HAP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 66.198
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Current: 66.198
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
