Talos Energy (NYSE:TALO) Shares Up 5.4% - Here's Why

Talos Energy Inc. (NYSE:TALO - Get Free Report)'s stock price rose 5.4% during mid-day trading on Friday . The company traded as high as $10.58 and last traded at $10.51. Approximately 304,650 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,772,908 shares. The stock had previously closed at $9.97.

Wall Street Analysts Forecast Growth

TALO has been the subject of a number of research analyst reports. BMO Capital Markets cut their target price on shares of Talos Energy from $14.00 to $13.00 and set a "market perform" rating for the company in a research report on Friday, October 4th. Benchmark reiterated a "buy" rating and issued a $20.00 target price on shares of Talos Energy in a research note on Tuesday, November 12th. Citigroup boosted their price objective on Talos Energy from $12.50 to $14.50 and gave the company a "buy" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. started coverage on Talos Energy in a research report on Thursday, December 5th. They issued a "neutral" rating and a $12.00 target price for the company. Finally, Mizuho lowered their price target on shares of Talos Energy from $16.00 to $14.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Talos Energy presently has an average rating of "Moderate Buy" and an average target price of $16.28.

Talos Energy Stock Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 19.70 and a beta of 1.91. The stock's 50-day simple moving average is $10.49 and its 200 day simple moving average is $10.94.

Talos Energy (NYSE:TALO - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.07). Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The business had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. During the same quarter last year, the company earned $0.14 earnings per share. The firm's revenue was up 32.9% on a year-over-year basis. Analysts expect that Talos Energy Inc. will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors have recently modified their holdings of the stock. Everence Capital Management Inc. increased its holdings in shares of Talos Energy by 8.6% in the third quarter. Everence Capital Management Inc. now owns 22,050 shares of the company's stock valued at $228,000 after purchasing an additional 1,740 shares in the last quarter. US Bancorp DE raised its position in shares of Talos Energy by 113.3% during the third quarter. US Bancorp DE now owns 3,440 shares of the company's stock worth $36,000 after acquiring an additional 1,827 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new position in shares of Talos Energy during the third quarter valued at $31,000. Arizona State Retirement System boosted its holdings in Talos Energy by 8.1% in the second quarter. Arizona State Retirement System now owns 41,188 shares of the company's stock valued at $500,000 after acquiring an additional 3,078 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in Talos Energy by 2.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 167,249 shares of the company's stock worth $1,731,000 after purchasing an additional 3,961 shares during the period. 89.35% of the stock is owned by institutional investors.

About Talos Energy

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.