Talos Energy (NYSE:TALO) Stock Price Up 2.1% – Still a Buy?

Shares of Talos Energy Inc. (NYSE:TALO) were up 2.1% during trading on Monday . The company traded as high as $9.43 and last traded at $9.43. Approximately 121,811 shares traded hands during trading, a decline of 94% from the average daily volume of 2,070,029 shares. The stock had previously closed at $9.24.

Analysts Set New Price Targets

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

Talos Energy Stock Performance

The business has a fifty day simple moving average of $10.52 and a two-hundred day simple moving average of $11.00. The company has a market cap of $1.75 billion, a P/E ratio of 18.02 and a beta of 1.92. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data 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). The business had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. Talos Energy’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. On average, sell-side analysts anticipate that Talos Energy Inc. will post -0.35 EPS for the current year.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtus Investment Advisers Inc. bought a new stake in Talos Energy in the third quarter worth $31,000. Signaturefd LLC lifted its holdings in shares of Talos Energy by 51.9% in the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after acquiring an additional 917 shares during the last quarter. US Bancorp DE grew its position in Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after acquiring an additional 1,827 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Talos Energy in the 3rd quarter valued at approximately $75,000. Finally, FMR LLC increased its position in shares of Talos Energy by 119.2% during the 3rd quarter. FMR LLC now owns 10,395 shares of the company’s stock valued at $108,000 after purchasing an additional 5,653 shares during the last quarter. 89.35% of the stock is owned by institutional investors.

Talos Energy Company Profile

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.