Talos Energy (NYSE:TALO) Trading Up 5.2% – Time to Buy?

Talos Energy Inc. (NYSE:TALO) shares were up 5.2% during trading on Wednesday . The company traded as high as $11.15 and last traded at $11.2190. Approximately 1,201,689 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 2,206,357 shares. The stock had previously closed at $10.66.

Analysts Set New Price Targets

Several brokerages have commented on TALO. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research report on Monday. Wall Street Zen upgraded shares of Talos Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Mizuho raised their target price on shares of Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, KeyCorp lifted their price target on shares of Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Talos Energy presently has an average rating of “Hold” and a consensus target price of $14.25.

Talos Energy Stock Up 4.9%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -5.56 and a beta of 0.55. The business’s 50 day moving average is $10.42 and its 200 day moving average is $9.48.

Talos Energy (NYSE:TALO) last issued its earnings results on Friday, January 6th. The company reported $0.45 EPS for the quarter. Talos Energy had a negative return on equity of 2.76% and a negative net margin of 19.02%.The business had revenue of $382.96 million during the quarter. Equities analysts expect that Talos Energy Inc. will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On Talos Energy

Large investors have recently added to or reduced their stakes in the stock. Sourcerock Group LLC increased its holdings in Talos Energy by 11.0% during the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Talos Energy by 25.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after purchasing an additional 592,509 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Talos Energy in the 1st quarter valued at $5,327,000. American Century Companies Inc. raised its position in shares of Talos Energy by 8.6% during the third quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock worth $55,295,000 after acquiring an additional 455,409 shares during the last quarter. Finally, Philosophy Capital Management LLC increased its position in Talos Energy by 11.5% in the first quarter. Philosophy Capital Management LLC now owns 4,251,212 shares of the company’s stock worth $41,322,000 after purchasing an additional 437,788 shares during the period. Institutional investors own 89.35% of the company’s stock.

About Talos Energy

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.