Is Talos Energy Inc (TALO) Stock About to Get Hot Wednesday?

Wednesday, August 5, 2020 10:07 AM | InvestorsObserver Analysts

The market has been high on Talos Energy Inc (TALO) stock recently. TALO gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Talos Energy Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TALO!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With TALO Stock Today?

Talos Energy Inc (TALO) stock is trading at $7.62 as of 10:02 AM on Wednesday, Aug 5, a gain of $0.09, or 1.26% from the previous closing price of $7.52. The stock has traded between $7.58 and $7.96 so far today. Volume today is below average. So far 55,090 shares have traded compared to average volume of 666,770 shares.

To see the top 5 stocks in the Oil & Gas E&P industry click here.

More About Talos Energy Inc

Talos Energy Inc is an independent oil and gas company primarily involved in offshore exploration and production. The company has its operations in the United States, Gulf of Mexico and offshore Mexico. Revenue isgenerated from the sale of oil, natural gas and NGL quantities sold to purchasers.

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