Talos Energy (NYSE:TALO) Stock Price Up 5.9% – Should You Buy?

Shares of Talos Energy Inc. (NYSE:TALO) shot up 5.9% during trading on Friday . The company traded as high as $15.37 and last traded at $15.4940. 1,017,337 shares were traded during trading, a decline of 52% from the average session volume of 2,134,204 shares. The stock had previously closed at $14.63.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. KeyCorp upped their target price on Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research note on Friday, December 5th. Citigroup increased their price target on Talos Energy from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Wall Street Zen lowered Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Mizuho boosted their price objective on Talos Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.63.

Talos Energy Stock Up 6.9%

The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.57. The stock has a market cap of $2.63 billion, a P/E ratio of -5.51 and a beta of 0.54. The company’s 50 day moving average price is $12.52 and its two-hundred day moving average price is $11.08.

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

Hedge Funds Weigh In On Talos Energy

Several institutional investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV purchased a new position in shares of Talos Energy during the fourth quarter valued at $130,000. Empowered Funds LLC grew its holdings in Talos Energy by 11.6% during the 4th quarter. Empowered Funds LLC now owns 1,114,905 shares of the company’s stock worth $12,286,000 after acquiring an additional 115,864 shares in the last quarter. XTX Topco Ltd bought a new position in Talos Energy during the 4th quarter worth about $187,000. Zacks Investment Management purchased a new position in Talos Energy during the 4th quarter valued at about $123,000. Finally, Numerai GP LLC increased its position in Talos Energy by 259.9% during the 4th quarter. Numerai GP LLC now owns 176,837 shares of the company’s stock valued at $1,949,000 after purchasing an additional 127,703 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.