Talos Energy (NYSE:TALO) Shares Up 5.4% – Still a Buy?

Talos Energy Inc. (NYSE:TALO) shares rose 5.4% during mid-day trading on Friday . The stock traded as high as $10.58 and last traded at $10.51. Approximately 304,650 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 1,772,908 shares. The stock had previously closed at $9.97.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup upped their target price on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. Mizuho lowered their target price on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. KeyCorp decreased their price target on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. began coverage on Talos Energy in a research note on Thursday, December 5th. They set a “neutral” rating and a $12.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.28.

Talos Energy Stock Up 5.4 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s 50 day moving average price is $10.49 and its two-hundred day moving average price is $10.94. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 19.46 and a beta of 1.91.

Talos Energy (NYSE:TALO) last announced its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The company had revenue of $509.29 million during the quarter, compared to analysts’ expectations of $504.44 million. During the same quarter last year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Talos Energy Inc. will post -0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Talos Energy by 21.9% in the 3rd quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock valued at $12,149,000 after purchasing an additional 210,687 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of Talos Energy by 280.7% during the 3rd quarter. XTX Topco Ltd now owns 46,089 shares of the company’s stock worth $477,000 after acquiring an additional 33,984 shares in the last quarter. Virtus Investment Advisers Inc. purchased a new position in Talos Energy in the 3rd quarter valued at approximately $31,000. Weiss Asset Management LP raised its holdings in Talos Energy by 103.0% during the third quarter. Weiss Asset Management LP now owns 263,489 shares of the company’s stock worth $2,727,000 after purchasing an additional 133,714 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in Talos Energy by 40.6% during the third quarter. Stifel Financial Corp now owns 107,438 shares of the company’s stock worth $1,112,000 after purchasing an additional 31,010 shares in the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

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.