Talos Energy (NYSE:TALO) Stock Price Up 5.8% – What’s Next?

Talos Energy Inc. (NYSE:TALO) shot up 5.8% on Friday . The company traded as high as $14.93 and last traded at $14.9420. 196,617 shares changed hands during trading, a decline of 91% from the average session volume of 2,146,840 shares. The stock had previously closed at $14.12.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TALO shares. KeyCorp boosted their price objective on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Mizuho lifted their price target on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. boosted their price target on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Stephens restated an “overweight” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Wednesday, July 1st. Finally, Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Talos Energy currently has an average rating of “Hold” and a consensus price target of $18.83.

Talos Energy Trading Up 5.5%

The stock has a market cap of $2.49 billion, a PE ratio of -3.46 and a beta of 0.34. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20. The company has a 50 day moving average of $14.55 and a two-hundred day moving average of $13.78.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. The company had revenue of $472.31 million for the quarter, compared to the consensus estimate of $446.39 million. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.Talos Energy’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 earnings per share. Sell-side analysts anticipate that Talos Energy Inc. will post 0.37 earnings per share for the current fiscal year.

Insider Transactions at Talos Energy

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. purchased a new stake in Talos Energy during the 2nd quarter worth approximately $3,295,000. Bank of America Corp DE lifted its position in shares of Talos Energy by 9.5% in the first quarter. Bank of America Corp DE now owns 578,751 shares of the company’s stock valued at $9,121,000 after acquiring an additional 50,084 shares in the last quarter. Edgestream Partners L.P. lifted its position in shares of Talos Energy by 185.0% in the first quarter. Edgestream Partners L.P. now owns 399,501 shares of the company’s stock valued at $6,296,000 after acquiring an additional 259,321 shares in the last quarter. Amundi boosted its stake in shares of Talos Energy by 136.6% in the first quarter. Amundi now owns 56,977 shares of the company’s stock worth $898,000 after acquiring an additional 32,899 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Talos Energy by 28.8% in the first quarter. California State Teachers Retirement System now owns 160,442 shares of the company’s stock worth $2,529,000 after acquiring an additional 35,870 shares during the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

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.