Talos Energy Inc. (NYSE:TALO – Get Free Report)’s share price was up 6.6% on Wednesday . The company traded as high as $15.75 and last traded at $15.7180. Approximately 597,107 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 2,161,768 shares. The stock had previously closed at $14.75.
Analyst Ratings Changes
Several equities research analysts have weighed in on TALO shares. KeyCorp boosted their price objective on Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Weiss Ratings upgraded Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Mizuho upped their price objective on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Citigroup upped their price objective on Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Roth Mkm restated a “neutral” rating and set a $16.00 price objective (up from $13.00) on shares of Talos Energy in a research report on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Talos Energy presently has an average rating of “Hold” and an average target price of $17.67.
Check Out Our Latest Analysis on TALO
Talos Energy Stock Performance
Talos Energy (NYSE:TALO – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The firm had revenue of $472.31 million during the quarter, compared to analysts’ expectations of $446.39 million. During the same period in the previous year, the company earned $0.06 EPS. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, equities research analysts predict that Talos Energy Inc. will post 0.41 earnings per share for the current fiscal year.
Insider Activity at Talos Energy
In related news, insider Control Empresarial De Capital sold 1,352,000 shares of Talos Energy stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the completion of the transaction, the insider directly owned 41,233,604 shares of the company’s stock, valued at approximately $687,776,514.72. The trade was a 3.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 2,935,568 shares of company stock worth $48,892,022. 0.36% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Talos Energy
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its holdings in Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after buying an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after buying an additional 2,123 shares in the last quarter. Quarry LP bought a new stake in Talos Energy during the 3rd quarter valued at about $36,000. PNC Financial Services Group Inc. lifted its holdings in Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after buying an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Talos Energy by 395.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after buying an additional 5,236 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.
Talos Energy Company Profile
Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.
Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.
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