Talos Energy (NYSE:TALO) Trading 4.5% Higher – Still a Buy?

Shares of Talos Energy Inc. (NYSE:TALO) were up 4.5% during trading on Tuesday . The stock traded as high as $13.51 and last traded at $13.48. Approximately 710,852 shares traded hands during trading, a decline of 66% from the average daily volume of 2,061,612 shares. The stock had previously closed at $12.90.

Analyst Ratings Changes

Several equities research analysts have issued reports on TALO shares. Mizuho raised their price objective on shares of Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. KeyCorp boosted their price target on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a report on Friday, December 5th. Citigroup lifted their target price on Talos Energy from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen cut shares of Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.50.

Talos Energy Trading Up 2.6%

The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -4.66 and a beta of 0.54. 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 business has a fifty day simple moving average of $11.84 and a 200-day simple moving average of $10.70.

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

Hedge Funds Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently made changes to their positions in TALO. Royal Bank of Canada boosted its holdings in Talos Energy by 11.8% in the first quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock worth $278,000 after acquiring an additional 3,007 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Talos Energy by 152.1% in the 1st quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock worth $884,000 after acquiring an additional 54,854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 purchasing an additional 3,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Talos Energy by 16.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock valued at $21,224,000 after purchasing an additional 304,205 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Talos Energy by 186.3% during the 2nd quarter. CWM LLC now owns 6,027 shares of the company’s stock worth $51,000 after buying an additional 3,922 shares in the last quarter. 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.