Talos Energy (NYSE:TALO) Reaches New 1-Year High - Here's Why

Key Points

• Talos Energy reached a new 52-week high, trading around $17.09 after closing at $16.36, with 456,724 shares changing hands.
• Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $18.50.
• Talos reported quarterly EPS of $0.57, beating estimates of $0.36, while revenue rose 56.5% year over year to $664.81 million. Institutional investors own approximately 89.35% of the company.

Talos Energy Inc. (NYSE:TALO - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.05 and last traded at $17.0850, with a volume of 456724 shares changing hands. The stock had previously closed at $16.36.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Roth Capital upgraded 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. Stephens reiterated an "overweight" rating and issued a $20.00 target price on shares of Talos Energy in a research note on Wednesday, July 1st. Citigroup reduced their price target on shares of Talos Energy from $20.00 to $18.00 and set a "buy" rating for the company in a report on Monday, July 20th. Wall Street Zen upgraded shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Talos Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $18.50.

Talos Energy Stock Performance

The stock has a market cap of $2.87 billion, a P/E ratio of -7.21 and a beta of 0.35. The company has a fifty day moving average of $14.37 and a 200 day moving average of $14.37. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $664.81 million during the quarter, compared to analyst estimates of $577.92 million. During the same period last year, the company posted ($0.27) EPS. The firm's quarterly revenue was up 56.5% on a year-over-year basis. On average, equities analysts predict that Talos Energy Inc. will post 1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TALO. BlackRock Inc. acquired a new stake in Talos Energy in the 2nd quarter valued at about $256,801,000. Sourcerock Group LLC grew its stake in shares of Talos Energy by 11.0% in the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company's stock worth $94,918,000 after purchasing an additional 1,110,685 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Talos Energy by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company's stock worth $149,234,000 after purchasing an additional 501,552 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Talos Energy in the 2nd quarter worth approximately $51,874,000. Finally, Geode Capital Management LLC raised its holdings in shares of Talos Energy by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company's stock worth $33,682,000 after purchasing an additional 141,518 shares in the last quarter. Institutional investors own 89.35% of the company's stock.

Talos Energy Company Profile

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company's core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy's asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.

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