Talos Energy (NYSE:TALO) Shares Up 6%

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

Several research firms have weighed in on TALO. Stephens set a $37.00 target price on shares of Talos Energy and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Roth Capital set a $45.00 target price on shares of Talos Energy and gave the stock a “buy” rating in a research report on Thursday, June 13th. Zacks Investment Research raised shares of Talos Energy from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, ValuEngine downgraded shares of Talos Energy from a “sell” rating to a “strong sell” rating in a research report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $38.17.

The firm’s fifty day moving average price is $21.93 and its 200 day moving average price is $24.04. The firm has a market capitalization of $1.02 billion, a PE ratio of 7.70 and a beta of 1.65. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.71.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.03 by $0.22. The business had revenue of $286.81 million for the quarter, compared to the consensus estimate of $268.23 million. Talos Energy had a net margin of 30.24% and a return on equity of 15.59%. On average, analysts predict that Talos Energy Inc will post 3.19 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in TALO. Nuveen Asset Management LLC purchased a new stake in shares of Talos Energy in the 2nd quarter valued at $15,288,000. BlackRock Inc. boosted its holdings in shares of Talos Energy by 29.9% in the 2nd quarter. BlackRock Inc. now owns 1,936,558 shares of the company’s stock valued at $46,574,000 after acquiring an additional 445,585 shares during the last quarter. Caymus Capital Partners L.P. boosted its holdings in shares of 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 acquiring an additional 233,187 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 acquiring an additional 181,910 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Talos Energy by 109.2% in the 2nd quarter. Prudential Financial Inc. now owns 218,415 shares of the company’s stock valued at $5,253,000 after acquiring an additional 114,026 shares during the last quarter.

About Talos Energy (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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