Talos Energy (NYSE:TALO) Sees Strong Trading Volume

Talos Energy Inc. (NYSE:TALO) shares saw an uptick in trading volume on Wednesday . 5,039,007 shares were traded during trading, an increase of 145% from the previous session’s volume of 2,058,492 shares.The stock last traded at $11.15 and had previously closed at $11.10.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TALO. The Goldman Sachs Group started coverage on shares of Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target on the stock. Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a report on Thursday, August 8th. Finally, Stephens reaffirmed an “overweight” rating and set a $24.00 price objective on shares of Talos Energy in a report on Wednesday, July 10th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $20.31.

Talos Energy Stock Up 1.2 %

The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 159.00 and a beta of 1.94. The stock’s fifty day moving average price is $11.57 and its 200-day moving average price is $12.29.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The business had revenue of $549.17 million during the quarter, compared to the consensus estimate of $516.61 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Talos Energy’s revenue for the quarter was up 49.6% compared to the same quarter last year. On average, sell-side analysts predict that Talos Energy Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital purchased 250,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average cost of $11.40 per share, for a total transaction of $2,850,000.00. Following the completion of the transaction, the insider now directly owns 38,222,904 shares in the company, valued at approximately $435,741,105.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders purchased 1,746,000 shares of company stock worth $19,008,810. 0.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Talos Energy

Institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of Talos Energy by 51.9% during the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after purchasing an additional 917 shares during the period. Headlands Technologies LLC purchased a new stake in Talos Energy during the first quarter valued at approximately $50,000. Nisa Investment Advisors LLC lifted its position in Talos Energy by 91.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after buying an additional 2,235 shares during the last quarter. Sandia Investment Management LP purchased a new position in shares of Talos Energy during the 1st quarter worth about $70,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of Talos Energy by 44.3% during the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after acquiring an additional 1,731 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.