Talos Energy (NYSE:TALO) Trading Up 5.9% – Should You Buy?

Shares of Talos Energy Inc. (NYSE:TALO) were up 5.9% during trading on Friday . The stock traded as high as $15.37 and last traded at $15.4940. Approximately 1,017,337 shares traded hands during trading, a decline of 52% from the average daily volume of 2,134,204 shares. The stock had previously closed at $14.63.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Benchmark cut shares of Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Citigroup increased their price target on shares of Talos Energy from $14.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. KeyCorp raised their price target on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, December 5th. Mizuho boosted their price objective on shares of Talos Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Finally, Wall Street Zen cut Talos Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Talos Energy currently has an average rating of “Hold” and an average target price of $14.63.

Talos Energy Trading Up 5.8%

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $2.61 billion, a PE ratio of -5.45 and a beta of 0.54. The stock has a 50-day simple moving average of $12.61 and a two-hundred day simple moving average of $11.13.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.17). Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The company had revenue of $392.24 million for the quarter, compared to analysts’ expectations of $431.22 million. During the same period in the previous year, the business earned $0.08 EPS. The business’s revenue was down 19.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Talos Energy Inc. will post -0.44 EPS for the current year.

Institutional Investors Weigh In On Talos Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in TALO. Royal Bank of Canada grew its position in Talos Energy by 11.8% in the 1st quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock worth $278,000 after purchasing an additional 3,007 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Talos Energy by 152.1% during the 1st quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock valued at $884,000 after buying an additional 54,854 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Talos Energy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock valued at $838,000 after buying an additional 3,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Talos Energy by 16.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock worth $21,224,000 after buying an additional 304,205 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Talos Energy by 6.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,613 shares of the company’s stock worth $268,000 after buying an additional 1,898 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.