Talos Energy (NYSE:TALO) Shares Up 6.6% – What’s Next?

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

Analyst Ratings Changes

TALO has been the topic of a number of recent analyst reports. Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st. JPMorgan Chase & Co. raised their price objective on shares of Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Mizuho boosted their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Stephens reaffirmed an “overweight” rating and issued a $20.00 target price on shares of Talos Energy in a report on Wednesday, July 1st. Finally, Weiss Ratings downgraded shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.50.

Talos Energy Trading Down 0.1%

The firm has a market cap of $2.60 billion, a PE ratio of -6.55 and a beta of 0.35. The business has a 50-day moving average price of $14.27 and a two-hundred day moving average price of $14.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. During the same period in the previous year, the firm earned ($0.27) EPS. The business’s revenue for the quarter was up 56.5% compared to the same quarter last year. Analysts forecast that Talos Energy Inc. will post 0.48 EPS for the current year.

Insider Activity

In other news, insider Control Empresarial De Capital sold 339,568 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 40,460,036 shares in the company, valued at $679,728,604.80. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.51% of the stock is owned by company insiders.

Institutional Investors Weigh In On Talos Energy

A number of large investors have recently bought and sold shares of the stock. Larson Financial Group LLC raised its holdings in shares of Talos Energy by 142.9% in the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after acquiring an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after purchasing an additional 2,123 shares in the last quarter. Quarry LP purchased a new stake in Talos Energy during the 3rd quarter worth about $36,000. PNC Financial Services Group Inc. raised its stake in Talos Energy by 22.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after purchasing an additional 1,049 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Talos Energy by 395.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after purchasing an additional 5,236 shares during 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 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.