Talos Energy (NYSE:TALO) Trading Up 5.2% – Here’s Why

by · The Cerbat Gem

Talos Energy Inc. (NYSE:TALO – Get Free Report) shares rose 5.2% on Wednesday . The company traded as high as $11.15 and last traded at $11.2190. Approximately 1,201,689 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 2,206,357 shares. The stock had previously closed at $10.66.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. KeyCorp raised their target price on Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, December 5th. Wall Street Zen upgraded Talos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research report on Monday. Finally, Mizuho lifted their price target on shares of Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $14.25.

Get Our Latest Stock Report on Talos Energy

Talos Energy Price Performance

The firm has a market capitalization of $1.86 billion, a PE ratio of -5.44 and a beta of 0.55. The stock’s 50 day simple moving average is $10.51 and its two-hundred day simple moving average is $9.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 1.27.

Talos Energy (NYSE:TALO – Get Free Report) last posted its quarterly earnings results on Friday, January 6th. The company reported $0.45 EPS for the quarter. Talos Energy had a negative return on equity of 2.76% and a negative net margin of 19.02%.The firm had revenue of $382.96 million during the quarter. On average, sell-side analysts forecast that Talos Energy Inc. will post -0.44 EPS for the current year.

Institutional Investors Weigh In On Talos Energy

A number of hedge funds have recently modified their holdings of the company. Sourcerock Group LLC increased its position in Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after purchasing an additional 1,110,685 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Talos Energy by 25.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after buying an additional 592,509 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Talos Energy during the 1st quarter worth approximately $5,327,000. American Century Companies Inc. raised its position in shares of Talos Energy by 8.6% during the 3rd quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock valued at $55,295,000 after buying an additional 455,409 shares during the period. Finally, Philosophy Capital Management LLC lifted its holdings in Talos Energy by 11.5% in the first quarter. Philosophy Capital Management LLC now owns 4,251,212 shares of the company’s stock valued at $41,322,000 after acquiring an additional 437,788 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

About Talos Energy

(Get Free Report)

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.

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