Talos Energy (NYSE:TALO) Stock Price Up 4.1% – What’s Next?

Talos Energy Inc. (NYSE:TALO)’s stock price shot up 4.1% during mid-day trading on Thursday. The stock traded as high as $17.14 and last traded at $17.24. Approximately 348,492 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 2,110,699 shares. The stock had previously closed at $16.56.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TALO shares. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Monday, September 7th. Stephens reiterated an “overweight” rating and issued a $20.00 target price on shares of Talos Energy in a research report on Wednesday, July 1st. KeyCorp raised their target price on shares of Talos Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, September 15th. 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.00.

Talos Energy Price Performance

The business has a 50-day simple moving average of $16.14 and a two-hundred day simple moving average of $15.22. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of -6.93 and a beta of 0.36.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.21. The company had revenue of $664.81 million for the quarter, compared to analysts’ expectations of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period last year, the firm earned ($0.27) EPS. As a group, research analysts predict that Talos Energy Inc. will post 1.4 earnings per share for the current fiscal year.

Insider Transactions at Talos Energy

In related news, insider John Spath sold 90,000 shares of Talos Energy stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $16.90, for a total transaction of $1,521,000.00. Following the transaction, the insider directly owned 178,788 shares of the company’s stock, valued at $3,021,517.20. The trade was a 33.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Control Empresarial De Capital sold 1,381,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $18.52, for a total transaction of $25,576,120.00. Following the completion of the sale, the insider owned 39,079,036 shares in the company, valued at approximately $723,743,746.72. This trade represents a 3.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,652,307 shares of company stock valued at $30,201,799 in the last three months. 0.51% of the stock is currently owned by insiders.

Institutional Trading of Talos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Talos Energy during the second quarter worth approximately $256,801,000. Dimensional Fund Advisors LP increased its holdings in shares of Talos Energy by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock valued at $149,234,000 after buying an additional 501,552 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Talos Energy in the second quarter valued at $51,874,000. Webs Creek Capital Management LP acquired a new stake in shares of Talos Energy during the 2nd quarter valued at $27,039,375. Finally, Bridgeway Capital Management LLC lifted its position in shares of Talos Energy by 14.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,277,658 shares of the company’s stock valued at $14,080,000 after acquiring an additional 161,652 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

About Talos Energy

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it owns and operates offshore properties and produces crude oil, natural gas and natural gas liquids.

Talos also operates a low-carbon business focused on carbon capture and sequestration. Through this business, the company evaluates and develops projects designed to capture carbon dioxide from industrial facilities and permanently store it in suitable underground geologic formations, particularly along the U.S.