Talos Energy (NYSE:TALO) Sets New 1-Year High – Time to Buy?

Shares of Talos Energy Inc. (NYSE:TALO) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.46 and last traded at $18.51, with a volume of 157737 shares trading hands. The stock had previously closed at $17.66.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Zacks Research upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Weiss Ratings lowered shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Citigroup reduced their price target on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Stephens reissued an “overweight” rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Wednesday, July 1st. Finally, Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Talos Energy presently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Talos Energy Stock Up 4.7%

The business has a 50-day moving average price of $15.63 and a two-hundred day moving average price of $14.97. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The firm has a market cap of $3.09 billion, a PE ratio of -7.80 and a beta of 0.36.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. The firm had revenue of $664.81 million during the quarter, compared to analyst estimates of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.Talos Energy’s revenue was up 56.5% compared to the same quarter last year. During the same period last year, the business posted ($0.27) earnings per share. On average, equities research analysts expect that Talos Energy Inc. will post 1.4 EPS for the current year.

Insider Buying and Selling at Talos Energy

In other Talos Energy news, insider John Spath sold 90,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $16.90, for a total value of $1,521,000.00. Following the sale, the insider owned 178,788 shares of the company’s stock, valued at $3,021,517.20. This trade represents a 33.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory Babcock sold 61,307 shares of Talos Energy stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $16.74, for a total value of $1,026,279.18. Following the completion of the transaction, the insider owned 84,509 shares of the company’s stock, valued at $1,414,680.66. The trade was a 42.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 271,307 shares of company stock valued at $4,625,679 in the last quarter. Corporate insiders own 0.51% of the company’s stock.

Institutional Trading of Talos Energy

Several hedge funds have recently added to or reduced their stakes in TALO. Amundi increased its holdings in shares of Talos Energy by 1.1% in the 2nd quarter. Amundi now owns 57,590 shares of the company’s stock valued at $743,000 after acquiring an additional 613 shares during the last quarter. Larson Financial Group LLC lifted its stake in Talos Energy by 28.4% during the fourth quarter. Larson Financial Group LLC now owns 4,240 shares of the company’s stock worth $47,000 after purchasing an additional 939 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Talos Energy by 3.5% during the first quarter. Bleakley Financial Group LLC now owns 44,827 shares of the company’s stock worth $706,000 after purchasing an additional 1,507 shares during the last quarter. Savant Capital LLC lifted its stake in Talos Energy by 9.5% during the fourth quarter. Savant Capital LLC now owns 20,438 shares of the company’s stock worth $225,000 after purchasing an additional 1,765 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Talos Energy by 10.9% in the fourth quarter. ProShare Advisors LLC now owns 25,336 shares of the company’s stock valued at $279,000 after purchasing an additional 2,497 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

About Talos Energy

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it owns and operates offshore properties and produces crude oil, natural gas and natural gas liquids.

Talos also operates a low-carbon business focused on carbon capture and sequestration. Through this business, the company evaluates and develops projects designed to capture carbon dioxide from industrial facilities and permanently store it in suitable underground geologic formations, particularly along the U.S.