Talos Energy (NYSE:TALO) Trading Up 6.6% – Should You Buy?

Talos Energy Inc. (NYSE:TALO)’s stock price shot up 6.6% during mid-day trading on Monday . The stock traded as high as $15.24 and last traded at $15.3350. Approximately 143,454 shares traded hands during trading, a decline of 93% from the average daily volume of 2,150,395 shares. The stock had previously closed at $14.38.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a report on Wednesday, July 1st. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday. JPMorgan Chase & Co. upped their price objective on shares of Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Finally, Citigroup dropped their target price on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.50.

Talos Energy Stock Performance

The company has a 50 day moving average of $14.24 and a two-hundred day moving average of $14.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $2.60 billion, a PE ratio of -6.54 and a beta of 0.35.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The business had revenue of $664.81 million during the quarter, compared to analyst estimates of $577.92 million. During the same quarter last year, the firm posted ($0.27) earnings per share. The company’s revenue for the quarter was up 56.5% on a year-over-year basis. As a group, equities research analysts predict that Talos Energy Inc. will post 0.48 earnings per share for the current year.

Insider Activity

In related news, insider Control Empresarial De Capital sold 339,568 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total value of $5,704,742.40. Following the completion of the transaction, the insider directly owned 40,460,036 shares in the company, valued at $679,728,604.80. This trade represents a 0.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Talos Energy

Several hedge funds have recently bought and sold shares of the business. Tejara Capital Ltd purchased a new position in shares of Talos Energy in the fourth quarter worth $2,910,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Talos Energy by 394,736.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 300,076 shares of the company’s stock valued at $4,729,000 after buying an additional 300,000 shares during the last quarter. Brandywine Global Investment Management LLC boosted its position in shares of Talos Energy by 338.9% during the fourth quarter. Brandywine Global Investment Management LLC now owns 389,201 shares of the company’s stock valued at $4,289,000 after buying an additional 300,518 shares during the last quarter. Atom Investors LP increased its holdings in Talos Energy by 141.0% in the 4th quarter. Atom Investors LP now owns 363,999 shares of the company’s stock worth $4,011,000 after buying an additional 212,971 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Talos Energy by 22.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,477 shares of the company’s stock worth $7,241,000 after buying an additional 85,450 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

About Talos Energy

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.