Talos Energy (NYSE:TALO) Hits New 12-Month High – Time to Buy?

Talos Energy Inc. (NYSE:TALO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.46 and last traded at $18.51, with a volume of 157737 shares trading hands. The stock had previously closed at $17.66.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Zacks Research upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Stephens restated an “overweight” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Wednesday, July 1st. Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Talos Energy in a report on Monday, September 7th. Finally, KeyCorp increased their price target on Talos Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Talos Energy currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Talos Energy Trading Down 4.9%

The company has a market capitalization of $2.91 billion, a P/E ratio of -7.33 and a beta of 0.36. The business has a 50 day moving average price of $15.78 and a 200 day moving average price of $15.06. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. During the same quarter last year, the firm earned ($0.27) EPS. Talos Energy’s quarterly revenue was up 56.5% compared to the same quarter last year. Analysts anticipate that Talos Energy Inc. will post 1.4 EPS for the current year.

Insider Transactions at Talos Energy

In other news, insider Gregory Babcock sold 61,307 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $16.74, for a total value of $1,026,279.18. Following the completion of the transaction, the insider owned 84,509 shares of the company’s stock, valued at $1,414,680.66. The trade was a 42.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Moss, III sold 120,000 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $17.32, for a total transaction of $2,078,400.00. Following the completion of the sale, the insider owned 305,117 shares of the company’s stock, valued at approximately $5,284,626.44. This represents a 28.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 271,307 shares of company stock valued at $4,625,679 over the last three months. 0.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Talos Energy

Large investors have recently modified their holdings of the business. Larson Financial Group LLC raised its position in shares of Talos Energy by 28.4% during the fourth quarter. Larson Financial Group LLC now owns 4,240 shares of the company’s stock worth $47,000 after purchasing an additional 939 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Talos Energy in the 2nd quarter valued at approximately $63,000. iSAM Funds UK Ltd bought a new stake in Talos Energy during the 2nd quarter worth approximately $138,000. Corient Private Wealth LP bought a new stake in Talos Energy during the 2nd quarter worth approximately $161,000. Finally, Coldstream Capital Management Inc. increased its stake in Talos Energy by 23.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 15,121 shares of the company’s stock worth $167,000 after purchasing an additional 2,852 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

About Talos Energy

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it owns and operates offshore properties and produces crude oil, natural gas and natural gas liquids.

Talos also operates a low-carbon business focused on carbon capture and sequestration. Through this business, the company evaluates and develops projects designed to capture carbon dioxide from industrial facilities and permanently store it in suitable underground geologic formations, particularly along the U.S.