Talos Energy (NYSE:TALO) Trading 5.4% Higher – Still a Buy?

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

Analyst Ratings Changes

A number of research analysts recently weighed in on TALO shares. KeyCorp lowered their price objective on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Benchmark reissued a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. BMO Capital Markets reduced their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. JPMorgan Chase & Co. initiated coverage on Talos Energy in a report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 target price on the stock. Finally, Citigroup upped their price target 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Talos Energy currently has a consensus rating of “Moderate Buy” and an average target price of $16.28.

Talos Energy Trading Up 6.7 %

The stock has a 50-day moving average price of $10.50 and a two-hundred day moving average price of $10.93. The stock has a market capitalization of $1.91 billion, a PE ratio of 19.70 and a beta of 1.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results 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 negative return on equity of 1.98% and a net margin of 3.95%. The firm had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, equities analysts forecast that Talos Energy Inc. will post -0.35 earnings per share for the current year.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Encompass Capital Advisors LLC purchased a new stake in shares of Talos Energy during the second quarter worth about $18,832,000. HITE Hedge Asset Management LLC boosted its stake in Talos Energy by 78.0% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock worth $30,939,000 after purchasing an additional 1,116,241 shares during the period. Bridgewater Associates LP purchased a new stake in Talos Energy during the 3rd quarter valued at approximately $8,805,000. Philosophy Capital Management LLC raised its position in shares of Talos Energy by 37.8% during the third quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock valued at $31,728,000 after buying an additional 841,414 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Talos Energy by 26.2% in the second quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock worth $36,236,000 after buying an additional 619,169 shares in the last quarter. 89.35% of the stock is owned by institutional investors.

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.