Talos Energy Inc. (NYSE: TALO) Brief Interest Update
Talos Energy Inc. (NYSE: TALO) saw significant growth in short-term interest in December. As of December 31, there was short interest totaling 3,640,000 shares, a growth of 61.8% from the total of 2,250,000 shares as of December 15. Based on an average daily volume of 1,180,000 shares, the short interest rate is currently 3.1 days. Approximately 6.9% of the company’s shares are sold short.
NYSE TALO traded down $0.26 during Friday trading hours, hitting $11.31. The company had a trading volume of 1,063,382 shares, compared to an average volume of 1,429,611 shares. The company has a debt ratio of 1.45, a quick ratio of 0.40 and a current ratio of 0.40. Talos Energy has a 1-year low of $8.26 and a 1-year high of $18.93. The company has a 50-day moving average of $10.39 and a 200-day moving average of $11.95.
Talos Energy (NYSE:TALO) last released quarterly earnings data on Wednesday, November 3. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 per ($0.26). Talos Energy recorded a negative net margin of 66.91% and a negative return on equity of 8.74%. The company posted revenue of $290.91 million in the quarter, versus analyst estimates of $248.80 million. As a group, analysts expect Talos Energy to post -0.13 earnings per share for the current year.
In other news, major shareholder Apollo Management Holdings Gp, sold 6,655,136 shares of the company in a transaction on Monday January 3. The stock was sold at an average price of $9.35, for a total transaction of $62,225,521.60. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, director Riverstone Energy Partners V sold 2,325,337 shares of the company in a trade on Friday, November 12. The stock was sold at an average price of $12.13, for a total value of $28,206,337.81. The disclosure of this sale can be found here. Insiders sold 9,109,868 shares of the company worth $91,787,376 in the last 90 days. 0.25% of the shares are held by insiders.
Several institutional investors and hedge funds have recently changed their positions in the company. BlackRock Inc. increased its stake in shares of Talos Energy by 12.1% during the third quarter. BlackRock Inc. now owns 7,099,633 shares of the company worth $97,760,000 after purchasing an additional 767,176 shares during the period. Vanguard Group Inc. increased its position in Talos Energy by 17.1% in the second quarter. Vanguard Group Inc. now owns 2,531,300 shares of the company valued at $39,590,000 after purchasing an additional 369,387 shares during the period. Dimensional Fund Advisors LP increased its position in Talos Energy by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,531,291 shares of the company valued at $39,589,000 after purchasing an additional 206,599 shares during the period. Sourcerock Group LLC increased its position in Talos Energy by 40.7% in the third quarter. Sourcerock Group LLC now owns 2,022,133 shares of the company valued at $27,845,000 after purchasing an additional 584,512 shares during the period. Finally, State Street Corp increased its position in Talos Energy by 169.3% in the second quarter. State Street Corp now owns 1,902,333 shares of the company valued at $29,752,000 after purchasing an additional 1,196,009 shares during the period. Institutional investors and hedge funds hold 93.86% of the company’s shares.
A number of analysts have weighed in on TALO shares recently. BMO Capital Markets downgraded Talos Energy from an ‘outperforming’ rating to a ‘market performing’ rating and cut its price target for the stock from $14.00 to $12.50 in a research report Monday, January 10. Zacks Investment Research downgraded Talos Energy from a “hold” rating to a “strong sell” rating in a Tuesday, December 21 report. Stifel Nicolaus lowered his price target on Talos Energy from $19.00 to $18.00 and set a “buy” rating on the stock in a Tuesday, October 12 report. Finally, Benchmark took over coverage from Talos Energy in a report on Wednesday, November 3. They issued a “buy” rating and a target price of $23.00 on the stock. One analyst rated the stock with a sell rating, one issued a hold rating and five assigned a buy rating to the company’s stock. Based on data from MarketBeat, Talos Energy has an average rating of “Buy” and a consensus target price of $16.93.
Company Profile Talos Energy
Talos Energy, Inc operates as a holding company. The company is engaged in the exploration and production of oil and natural gas. It focuses on the exploration, acquisition, operation and development of shallow and deep water assets near existing infrastructure in the Gulf of Mexico in the United States. The company was founded by John A.
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