Talos Energy (NYSE:TALO) Trading 5.6% Higher

Shares of Talos Energy Inc (NYSE:TALO) traded up 5.6% during mid-day trading on Friday . The stock traded as high as $25.53 and last traded at $25.35, 443,616 shares changed hands during mid-day trading. An increase of 62% from the average session volume of 273,121 shares. The stock had previously closed at $24.00.

A number of equities research analysts recently commented on the company. Northland Securities reiterated a “buy” rating and issued a $32.00 target price on shares of Talos Energy in a research report on Sunday, September 1st. Roth Capital cut their price target on Talos Energy from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday, August 26th. Zacks Investment Research downgraded Talos Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 24th. Guggenheim set a $49.00 price objective on Talos Energy and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, ValuEngine cut Talos Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $36.40.

The company has a debt-to-equity ratio of 0.66, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50-day simple moving average is $22.51 and its 200 day simple moving average is $22.07. The firm has a market cap of $1.30 billion, a P/E ratio of 9.53 and a beta of 1.86.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.17. Talos Energy had a net margin of 38.27% and a return on equity of 17.26%. The business had revenue of $228.86 million during the quarter, compared to analysts’ expectations of $236.85 million. Analysts anticipate that Talos Energy Inc will post 2.28 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. purchased a new position in Talos Energy in the second quarter worth about $40,000. Point72 Hong Kong Ltd bought a new stake in shares of Talos Energy in the 2nd quarter valued at approximately $98,000. LSV Asset Management purchased a new position in shares of Talos Energy in the 2nd quarter worth approximately $127,000. Aperio Group LLC purchased a new position in shares of Talos Energy in the 2nd quarter worth approximately $128,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Talos Energy in the 2nd quarter worth approximately $233,000. 98.62% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Company Profile (NYSE:TALO)

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.

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