Talos Energy (NYSE:TALO) Stock Price Up 5.8% – Should You Buy?

Talos Energy Inc. (NYSE:TALO) shares were up 5.8% during trading on Thursday . The company traded as high as $18.44 and last traded at $18.1740. Approximately 329,849 shares were traded during trading, a decline of 84% from the average session volume of 2,124,520 shares. The stock had previously closed at $17.17.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Zacks Research upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price target on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Weiss Ratings downgraded Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Finally, Stephens reaffirmed an “overweight” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Talos Energy Stock Up 5.2%

The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The business has a 50-day simple moving average of $14.40 and a 200-day simple moving average of $14.41. The stock has a market cap of $3.01 billion, a P/E ratio of -7.59 and a beta of 0.35.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates 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 company 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 posted ($0.27) earnings per share. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. Analysts expect that Talos Energy Inc. will post 1 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TALO. BlackRock Inc. bought a new position in Talos Energy in the 2nd quarter worth $256,801,000. Sourcerock Group LLC boosted its holdings in Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after acquiring an additional 1,110,685 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Talos Energy by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock valued at $149,234,000 after acquiring an additional 501,552 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Talos Energy in the second quarter valued at about $51,874,000. Finally, Geode Capital Management LLC grew its position in shares of Talos Energy by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock valued at $33,682,000 after purchasing an additional 141,518 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

About Talos Energy

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.