Talos Energy (NYSE:TALO) Trading Up 4.8%

Talos Energy Inc. (NYSE:TALO) shares were up 4.8% during trading on Monday . The company traded as high as $12.11 and last traded at $11.98. Approximately 915,181 shares changed hands during trading, a decline of 54% from the average daily volume of 1,998,531 shares. The stock had previously closed at $11.43.

Analyst Ratings Changes

A number of research analysts have recently commented on TALO shares. Stifel Nicolaus upped their target price on Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Benchmark reissued a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Friday, June 21st. The Goldman Sachs Group began coverage on Talos Energy in a research note on Monday. They issued a “buy” rating and a $14.00 price objective on the stock. Stephens reissued an “overweight” rating and issued a $24.00 price objective on shares of Talos Energy in a research note on Wednesday, July 10th. Finally, KeyCorp increased their price objective on Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talos Energy has a consensus rating of “Buy” and a consensus target price of $20.17.

Talos Energy Stock Performance

The business has a fifty day simple moving average of $11.52 and a two-hundred day simple moving average of $12.62. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $2.19 billion, a PE ratio of 171.00 and a beta of 1.95.

Talos Energy (NYSE:TALO) last posted its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.13. The company had revenue of $429.93 million during the quarter, compared to analyst estimates of $404.00 million. Talos Energy had a negative return on equity of 0.16% and a negative net margin of 0.96%. Research analysts anticipate that Talos Energy Inc. will post -0.11 earnings per share for the current year.

Insider Activity

In other Talos Energy news, insider Control Empresarial De Capital purchased 150,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was acquired at an average price of $11.51 per share, with a total value of $1,726,500.00. Following the completion of the acquisition, the insider now owns 36,072,904 shares in the company, valued at $415,199,125.04. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders acquired 650,000 shares of company stock worth $7,262,500. Insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TALO. State of New Jersey Common Pension Fund D grew its holdings in shares of Talos Energy by 25.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 181,473 shares of the company’s stock valued at $2,582,000 after buying an additional 36,890 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Talos Energy by 11.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock valued at $89,474,000 after buying an additional 669,552 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Talos Energy during the first quarter valued at $1,066,000. Empowered Funds LLC grew its holdings in shares of Talos Energy by 56.0% during the first quarter. Empowered Funds LLC now owns 687,780 shares of the company’s stock valued at $9,581,000 after buying an additional 246,846 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Talos Energy by 9.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,336,779 shares of the company’s stock valued at $19,022,000 after buying an additional 114,506 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

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.