Talos Energy (NYSE:TALO) Sets New 52-Week High - Here's What Happened

Key Points

• Talos Energy shares hit a new 52-week high of $18.76 and last traded at $18.574, slightly above the prior close of $18.55.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and a $19.71 target price, despite recent price-target increases from KeyCorp and Citigroup and a reiterated “Buy” rating from Goldman Sachs.
• Talos reported quarterly EPS of $0.57, beating estimates of $0.36, while revenue rose 56.5% year over year to $664.81 million. However, insiders have sold more than 16.2 million shares over the past quarter, worth approximately $282.9 million.

Talos Energy Inc. (NYSE:TALO - Get Free Report) shares reached a new 52-week high during trading on Tuesday. The stock traded as high as $18.76 and last traded at $18.5740, with a volume of 47,906 shares. The stock had previously closed at $18.55.

Analyst Upgrades and Downgrades

TALO has been the subject of a number of recent research reports. Zacks Research lowered Talos Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 19th. Wall Street Zen upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. KeyCorp lifted their price target on Talos Energy from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 15th. Citigroup boosted their price objective on Talos Energy from $18.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, October 15th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $22.00 price objective on shares of Talos Energy in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $19.71.

Talos Energy Price Performance

The stock has a market cap of $3.03 billion, a PE ratio of -7.65 and a beta of 0.42. The business has a fifty day simple moving average of $17.13 and a two-hundred day simple moving average of $14.81. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The business had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. During the same quarter in the prior year, the company earned ($0.27) earnings per share. The firm's quarterly revenue was up 56.5% compared to the same quarter last year. Research analysts forecast that Talos Energy Inc. will post 1.58 earnings per share for the current year.

Insider Buying and Selling at Talos Energy

In related news, insider Control Empresarial De Capital sold 2,141,590 shares of the stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $18.01, for a total value of $38,570,035.90. Following the completion of the transaction, the insider directly owned 24,500,000 shares in the company, valued at $441,245,000. This trade represents a 8.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 16,231,343 shares of company stock valued at $282,917,071. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Talos Energy

Several hedge funds have recently bought and sold shares of the business. WINTON GROUP Ltd boosted its position in shares of Talos Energy by 1,717.7% in the 2nd quarter. WINTON GROUP Ltd now owns 223,579 shares of the company's stock worth $2,886,000 after purchasing an additional 211,279 shares in the last quarter. De Lisle Partners LLP purchased a new stake in shares of Talos Energy in the 2nd quarter worth approximately $2,144,000. Webs Creek Capital Management LP bought a new position in Talos Energy during the 2nd quarter valued at approximately $27,039,375. Bank of America Corp DE bought a new position in Talos Energy during the 2nd quarter valued at approximately $7,338,000. Finally, Bank of New York Mellon Corp purchased a new position in Talos Energy during the second quarter valued at $9,297,000. Institutional investors own 89.35% of the company's stock.

Talos Energy Company Profile

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company's upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.

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