Talos Energy (NYSE:TALO) Shares Up 5.6% – Should You Buy?

Talos Energy Inc. (NYSE:TALO)’s stock price traded up 5.6% during mid-day trading on Wednesday . The company traded as high as $14.29 and last traded at $14.3480. 401,829 shares changed hands during trading, a decline of 81% from the average daily volume of 2,165,727 shares. The stock had previously closed at $13.59.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TALO. Weiss Ratings lowered Talos Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. upped their price target on shares of Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. KeyCorp increased their price objective on shares of Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Stephens reiterated an “overweight” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Wednesday, July 1st. Finally, Mizuho upped their target price on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Talos Energy has a consensus rating of “Hold” and an average target price of $18.83.

Talos Energy Stock Performance

The company has a market cap of $2.35 billion, a P/E ratio of -3.27 and a beta of 0.34. The company has a 50 day moving average price of $14.76 and a 200-day moving average price of $13.63. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.65.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. The company had revenue of $472.31 million for the quarter, compared to analyst estimates of $446.39 million. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. Equities analysts expect that Talos Energy Inc. will post 0.48 EPS for the current fiscal year.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital sold 339,568 shares of the company’s 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 completion of the sale, the insider directly owned 40,460,036 shares of the company’s stock, valued at approximately $679,728,604.80. This represents a 0.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in shares of Talos Energy by 292.6% in the fourth quarter. SG Americas Securities LLC now owns 268,362 shares of the company’s stock valued at $2,957,000 after buying an additional 200,000 shares during the period. Tejara Capital Ltd acquired a new position in Talos Energy during the fourth quarter worth about $2,910,000. Brookwood Investment Group LLC bought a new stake in Talos Energy in the fourth quarter worth about $1,264,000. CSM Advisors LLC bought a new stake in Talos Energy in the third quarter worth about $3,807,000. Finally, Brandywine Global Investment Management LLC lifted its holdings in Talos Energy by 338.9% in the 4th quarter. Brandywine Global Investment Management LLC now owns 389,201 shares of the company’s stock valued at $4,289,000 after acquiring an additional 300,518 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Company Profile

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.