Talos Energy Inc (NYSE:TALO) Sees Large Growth in Short Interest

Talos Energy Inc (NYSE:TALO) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,624,700 shares, a growth of 21.8% from the July 31st total of 1,334,100 shares. Approximately 8.2% of the company’s shares are short sold. Based on an average daily trading volume, of 289,900 shares, the days-to-cover ratio is presently 5.6 days.

Talos Energy stock traded up $0.62 during midday trading on Friday, reaching $22.23. 123,000 shares of the company’s stock were exchanged, compared to its average volume of 229,250. Talos Energy has a 52 week low of $14.60 and a 52 week high of $35.55. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 8.36 and a beta of 1.69. The stock’s 50-day simple moving average is $20.12 and its 200 day simple moving average is $24.00.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.22. Talos Energy had a return on equity of 15.59% and a net margin of 30.24%. The business had revenue of $286.81 million during the quarter, compared to analysts’ expectations of $268.23 million. Research analysts forecast that Talos Energy will post 3.19 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of TALO. Victory Capital Management Inc. bought a new stake in shares of Talos Energy during the second quarter worth approximately $40,000. SG3 Management LLC bought a new stake in shares of Talos Energy in the first quarter valued at approximately $64,000. Point72 Hong Kong Ltd bought a new stake in shares of Talos Energy in the second quarter valued at approximately $98,000. BNP Paribas Arbitrage SA boosted its stake in shares of Talos Energy by 52,525.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,210 shares of the company’s stock valued at $112,000 after buying an additional 4,202 shares during the period. Finally, LSV Asset Management bought a new stake in shares of Talos Energy in the second quarter valued at approximately $127,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

TALO has been the topic of several recent research reports. Roth Capital dropped their price target on Talos Energy from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Zacks Investment Research raised Talos Energy from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Guggenheim set a $49.00 target price on Talos Energy and gave the company a “buy” rating in a research report on Wednesday, August 21st. Northland Securities reaffirmed a “buy” rating and issued a $32.00 target price on shares of Talos Energy in a research report on Sunday, September 1st. Finally, Stephens set a $37.00 target price on Talos Energy and gave the company a “buy” rating in a research report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $36.40.

Talos Energy Company Profile

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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