Talos Energy (NYSE:TALO) Stock Price Up 5.4% – Here’s Why

Talos Energy Inc. (NYSE:TALO) shot up 5.4% on Friday . The stock traded as high as $10.58 and last traded at $10.51. 304,650 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 1,772,908 shares. The stock had previously closed at $9.97.

Analyst Upgrades and Downgrades

TALO has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Citigroup boosted their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Mizuho dropped their target price on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. initiated coverage on shares of Talos Energy in a research report on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, Benchmark restated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.28.

Talos Energy Stock Up 6.7 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s 50 day simple moving average is $10.50 and its two-hundred day simple moving average is $10.93. The firm has a market cap of $1.91 billion, a P/E ratio of 19.70 and a beta of 1.91.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The company had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. During the same period last year, the business earned $0.14 EPS. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. As a group, research analysts forecast that Talos Energy Inc. will post -0.35 earnings per share for the current year.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds have recently bought and sold shares of the company. Everence Capital Management Inc. raised its holdings in Talos Energy by 8.6% in the third quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock worth $228,000 after buying an additional 1,740 shares during the last quarter. US Bancorp DE raised its holdings in Talos Energy by 113.3% in the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after acquiring an additional 1,827 shares during the last quarter. Virtus Investment Advisers Inc. bought a new position in Talos Energy in the 3rd quarter valued at approximately $31,000. Arizona State Retirement System boosted its stake in Talos Energy by 8.1% during the 2nd quarter. Arizona State Retirement System now owns 41,188 shares of the company’s stock valued at $500,000 after purchasing an additional 3,078 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Talos Energy by 2.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 167,249 shares of the company’s stock worth $1,731,000 after purchasing an additional 3,961 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

About Talos Energy

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.