Talos Energy (NYSE:TALO) Trading 4.1% Higher - Time to Buy?

Key Points

• Talos Energy shares rose 4.1% to $17.24 in mid-day trading, although volume was 83% below the average session volume.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $19.00 average price target; recent targets range from $17 to $23.
• The company exceeded quarterly expectations, reporting $0.57 EPS versus $0.36 expected and $664.81 million in revenue, up 56.5% year over year. However, insiders sold 1.65 million shares worth $30.2 million over the past 90 days.

Talos Energy Inc. (NYSE:TALO - Get Free Report) was up 4.1% during mid-day trading on Thursday . The company traded as high as $17.14 and last traded at $17.24. Approximately 348,492 shares were traded during mid-day trading, a decline of 83% from the average session volume of 2,110,699 shares. The stock had previously closed at $16.56.

Wall Street Analyst Weigh In

TALO has been the topic of a number of analyst reports. KeyCorp lifted their target price on shares of Talos Energy from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, September 15th. Mizuho increased their price target on Talos Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 27th. Wall Street Zen upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Roth Capital raised Talos Energy from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st. Finally, Stephens reiterated an "overweight" rating and set a $20.00 target price on shares of Talos Energy in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.

Talos Energy Price Performance

The firm's fifty day simple moving average is $16.06 and its 200 day simple moving average is $15.19. The firm has a market cap of $2.85 billion, a P/E ratio of -7.17 and a beta of 0.36. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61.

Talos Energy (NYSE:TALO - Get Free Report) last released 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. The business had revenue of $664.81 million for the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The company's revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.27) EPS. As a group, analysts forecast that Talos Energy Inc. will post 1.4 earnings per share for the current year.

Insider Buying and Selling at Talos Energy

In related news, insider William S. Moss III sold 120,000 shares of Talos Energy stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $17.32, for a total value of $2,078,400.00. Following the completion of the transaction, the insider owned 305,117 shares in the company, valued at approximately $5,284,626.44. This trade represents a 28.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John B. Spath sold 90,000 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $16.90, for a total value of $1,521,000.00. Following the sale, the insider owned 178,788 shares in the company, valued at approximately $3,021,517.20. This trade represents a 33.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,652,307 shares of company stock worth $30,201,799 in the last ninety days. Company insiders own 0.51% of the company's stock.

Hedge Funds Weigh In On Talos Energy

Several large investors have recently modified their holdings of TALO. Larson Financial Group LLC lifted its stake in shares of Talos Energy by 28.4% during the 4th quarter. Larson Financial Group LLC now owns 4,240 shares of the company's stock worth $47,000 after acquiring an additional 939 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Talos Energy in the second quarter worth $63,000. iSAM Funds UK Ltd purchased a new stake in Talos Energy in the second quarter worth $138,000. Corient Private Wealth LP bought a new stake in shares of Talos Energy during the second quarter worth $161,000. Finally, Coldstream Capital Management Inc. lifted its position in shares of Talos Energy by 23.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 15,121 shares of the company's stock worth $167,000 after purchasing an additional 2,852 shares during the last quarter. Institutional investors own 89.35% of the company's stock.

About Talos Energy

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 owns and operates offshore properties and produces crude oil, natural gas and natural gas liquids.

Talos also operates a low-carbon business focused on carbon capture and sequestration. Through this business, the company evaluates and develops projects designed to capture carbon dioxide from industrial facilities and permanently store it in suitable underground geologic formations, particularly along the U.S.

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