Talos Energy (TALO) Trading Up 9.2% on Strong Earnings

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Shares of Talos Energy Inc (NYSE:TALO) were up 9.2% during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $26.15 and last traded at $24.85. Approximately 631,578 shares changed hands during mid-day trading, an increase of 355% from the average daily volume of 138,855 shares. The stock had previously closed at $22.75.

The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.31. Talos Energy had a negative net margin of 4.09% and a negative return on equity of 3.76%. The business had revenue of $258.66 million during the quarter, compared to the consensus estimate of $230.13 million.

TALO has been the subject of several recent analyst reports. Guggenheim initiated coverage on shares of Talos Energy in a research report on Monday, February 11th. They issued a “buy” rating and a $38.00 target price for the company. Zacks Investment Research upgraded shares of Talos Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 9th. Stephens initiated coverage on shares of Talos Energy in a research report on Thursday, December 6th. They issued an “overweight” rating and a $38.00 target price for the company. Finally, ValuEngine upgraded shares of Talos Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $40.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in Talos Energy by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 221,803 shares of the company’s stock worth $3,619,000 after purchasing an additional 19,146 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Talos Energy by 26.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 875,638 shares of the company’s stock valued at $14,290,000 after acquiring an additional 181,910 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Talos Energy by 4.3% in the fourth quarter. Millennium Management LLC now owns 189,379 shares of the company’s stock valued at $3,091,000 after acquiring an additional 7,827 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Talos Energy by 20.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 622,302 shares of the company’s stock valued at $10,155,000 after acquiring an additional 106,262 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of Talos Energy by 352.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,403 shares of the company’s stock valued at $121,000 after acquiring an additional 5,765 shares in the last quarter. Hedge funds and other institutional investors own 98.48% of the company’s stock.

The firm has a market cap of $1.20 billion, a PE ratio of 51.70 and a beta of 1.57.

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Talos Energy Company Profile (NYSE:TALO)

Talos Energy Inc, an independent oil and gas company, focuses on the offshore exploration and production in the United States Gulf of Mexico and the shallow waters off the coast of Mexico. The company is headquartered in Houston, Texas.

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