Why Talos Energy Shares Are Falling Today
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 30 2024
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Source: Benzinga
Leadership Change at Talos Energy: Tim Duncan has resigned as President and CEO of Talos Energy, effective August 29, 2024, with Joseph A. Mills appointed as interim leader while a search for a permanent successor is underway.
Stock Performance and Financial Outlook: Talos Energy's stock has declined over 36% in the past year, currently trading down 7.41% to $11.06, while the company reaffirms its third-quarter production guidance and reported second-quarter revenue of $549.2 million.
Analyst Views on PSCE
Wall Street analysts forecast PSCE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSCE 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: 48.800
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Current: 48.800
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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.
