Talos Energy Inc. (NYSE:TALO – Get Rating) gapped up prior to trading on Thursday . The stock had previously closed at $13.38, but opened at $14.12. Talos Energy shares last traded at $14.13, with a volume of 8,967 shares trading hands.
Several equities analysts recently weighed in on the company. Roth Capital raised their price objective on Talos Energy from $18.00 to $23.00 in a research note on Friday, April 22nd. Stephens assumed coverage on Talos Energy in a research note on Wednesday, April 13th. They issued an “overweight” rating and a $28.00 price objective for the company. Finally, KeyCorp raised their price objective on Talos Energy from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, May 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.64.
The company has a debt-to-equity ratio of 1.33, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a 50-day simple moving average of $19.33 and a two-hundred day simple moving average of $15.91. The company has a market cap of $1.18 billion, a PE ratio of -9.13 and a beta of 2.34.
Talos Energy (NYSE:TALO – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.30. The company had revenue of $413.57 million during the quarter, compared to the consensus estimate of $312.21 million. Talos Energy had a positive return on equity of 12.33% and a negative net margin of 9.19%. Equities research analysts forecast that Talos Energy Inc. will post 4.22 EPS for the current year.
In other news, Director Riverstone Holdings Llc sold 35,281 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $19.06, for a total transaction of $672,455.86. Following the sale, the director now owns 14,437,196 shares in the company, valued at $275,172,955.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Riverstone Energy Partners V, sold 10,530 shares of the firm’s stock in a transaction on Friday, June 17th. The stock was sold at an average price of $20.19, for a total value of $212,600.70. Following the sale, the director now owns 12,291,914 shares in the company, valued at approximately $248,173,743.66. The disclosure for this sale can be found here. Insiders have sold 1,862,117 shares of company stock valued at $38,830,271 in the last three months. 0.79% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Talos Energy during the first quarter worth $41,000. US Bancorp DE boosted its holdings in Talos Energy by 39.2% in the first quarter. US Bancorp DE now owns 2,811 shares of the company’s stock valued at $44,000 after acquiring an additional 791 shares during the last quarter. Strs Ohio acquired a new position in Talos Energy in the first quarter valued at $45,000. Captrust Financial Advisors boosted its holdings in Talos Energy by 85.6% in the first quarter. Captrust Financial Advisors now owns 3,360 shares of the company’s stock valued at $53,000 after acquiring an additional 1,550 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in Talos Energy by 39.0% in the fourth quarter. New York State Teachers Retirement System now owns 11,412 shares of the company’s stock valued at $112,000 after acquiring an additional 3,200 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.
About Talos Energy (NYSE:TALO)
Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2021, the company had proved reserves of 161.59 million barrels of oil equivalent, consisting of 107,764 thousand barrels of crude oil, 236,353 million cubic feet of natural gas, and 14,435 thousand barrels of crude oil.
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Source: defenseworld.net
