Talos Energy (NYSE:TALO) Trading 6% Higher

Talos Energy Inc (NYSE:TALO)’s stock price traded up 6% during mid-day trading on Monday . The company traded as high as $20.61 and last traded at $20.47, 248,508 shares traded hands during mid-day trading. An increase of 7% from the average session volume of 232,771 shares. The stock had previously closed at $19.31.

A number of research analysts have issued reports on the company. Roth Capital set a $45.00 price target on Talos Energy and gave the company a “buy” rating in a report on Thursday, June 13th. Zacks Investment Research raised Talos Energy from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. Stephens set a $37.00 target price on Talos Energy and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Finally, ValuEngine downgraded Talos Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, June 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $38.17.

The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.92 and a beta of 1.65. The company has a 50 day moving average price of $21.78 and a two-hundred day moving average price of $24.06.

Talos Energy (NYSE:TALO) last announced its earnings results on Wednesday, August 7th. The company reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.22. The business had revenue of $286.81 million during the quarter, compared to the consensus estimate of $268.23 million. Talos Energy had a return on equity of 15.59% and a net margin of 30.24%. On average, equities analysts expect that Talos Energy Inc will post 3.19 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Talos Energy by 29.9% during the 2nd quarter. BlackRock Inc. now owns 1,936,558 shares of the company’s stock worth $46,574,000 after buying an additional 445,585 shares during the period. Dimensional Fund Advisors LP raised its stake in Talos Energy by 26.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 875,638 shares of the company’s stock valued at $14,290,000 after purchasing an additional 181,910 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Talos Energy in the 2nd quarter valued at $15,288,000. Caymus Capital Partners L.P. raised its stake in Talos Energy by 95.8% in the 2nd quarter. Caymus Capital Partners L.P. now owns 476,587 shares of the company’s stock valued at $11,462,000 after purchasing an additional 233,187 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Talos Energy by 4.2% in the 2nd quarter. Renaissance Technologies LLC now owns 321,938 shares of the company’s stock valued at $7,743,000 after purchasing an additional 12,998 shares during the last quarter.

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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