Talos Energy (NYSE:TALO) Sees Large Volume Increase

Shares of Talos Energy Inc. (NYSE:TALO) saw unusually-high trading volume on Wednesday . Approximately 5,039,007 shares traded hands during trading, an increase of 145% from the previous session’s volume of 2,058,492 shares.The stock last traded at $11.15 and had previously closed at $11.10.

Wall Street Analyst Weigh In

TALO has been the subject of several research analyst reports. Stephens reiterated an “overweight” rating and issued a $24.00 price objective on shares of Talos Energy in a report on Wednesday, July 10th. Benchmark reissued a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group assumed coverage on Talos Energy in a research report on Monday, July 22nd. They set a “buy” rating and a $14.00 price target for the company. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $20.31.

Talos Energy Stock Performance

The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 159.00 and a beta of 1.94. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The stock’s 50-day moving average is $11.57 and its 200-day moving average is $12.29.

Talos Energy (NYSE:TALO) last posted its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The business had revenue of $549.17 million during the quarter, compared to analyst estimates of $516.61 million. During the same quarter last year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 49.6% compared to the same quarter last year. On average, analysts expect that Talos Energy Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling at Talos Energy

In related news, insider Control Empresarial De Capital acquired 306,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $11.50 per share, for a total transaction of $3,519,000.00. Following the transaction, the insider now directly owns 38,528,904 shares of the company’s stock, valued at approximately $443,082,396. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 1,746,000 shares of company stock worth $19,008,810 over the last three months. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

Several hedge funds have recently modified their holdings of TALO. Signaturefd LLC grew its position in shares of Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after purchasing an additional 917 shares in the last quarter. Headlands Technologies LLC purchased a new position in Talos Energy during the first quarter valued at $50,000. Nisa Investment Advisors LLC increased its holdings in shares of Talos Energy by 91.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after purchasing an additional 2,235 shares in the last quarter. Sandia Investment Management LP bought a new position in shares of Talos Energy in the first quarter worth approximately $70,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Talos Energy by 44.3% in the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after buying an additional 1,731 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

About Talos Energy

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.