Talos Energy (NYSE:TALO) Trading 2.1% Higher - Still a Buy?

Talos Energy Inc. (NYSE:TALO - Get Free Report)'s share price rose 2.1% on Monday . The stock traded as high as $9.43 and last traded at $9.43. Approximately 121,811 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 2,070,029 shares. The stock had previously closed at $9.24.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup increased their price objective on Talos Energy from $12.50 to $14.50 and gave the company a "buy" rating in a report on Thursday, November 14th. BMO Capital Markets cut their target price on Talos Energy from $14.00 to $13.00 and set a "market perform" rating for the company in a research note on Friday, October 4th. Benchmark reissued a "buy" rating and issued a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. JPMorgan Chase & Co. initiated coverage on Talos Energy in a report on Thursday, December 5th. They set a "neutral" rating and a $12.00 price objective on the stock. Finally, KeyCorp reduced their target price on Talos Energy from $21.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Talos Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.28.

Talos Energy Stock Up 4.2 %

The firm has a market capitalization of $1.73 billion, a PE ratio of 17.83 and a beta of 1.92. The firm's 50-day moving average is $10.52 and its 200 day moving average is $11.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97.

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 the consensus estimate of ($0.07) by ($0.07). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The business had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The firm's revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, research analysts forecast that Talos Energy Inc. will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Talos Energy

Several hedge funds have recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC increased its position in Talos Energy by 37.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 880,345 shares of the company's stock worth $10,696,000 after purchasing an additional 239,996 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Talos Energy in the second quarter valued at approximately $18,832,000. Barclays PLC lifted its stake in shares of Talos Energy by 21.9% during the third quarter. Barclays PLC now owns 1,173,765 shares of the company's stock valued at $12,149,000 after buying an additional 210,687 shares during the period. HITE Hedge Asset Management LLC lifted its stake in shares of Talos Energy by 78.0% during the second quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company's stock valued at $30,939,000 after buying an additional 1,116,241 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Talos Energy by 1,557.7% during the second quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company's stock worth $22,292,000 after acquiring an additional 1,724,014 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

Talos Energy Company Profile

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.