Talos Energy Inc (NYSE:TALO) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,624,700 shares, an increase of 21.8% from the July 31st total of 1,334,100 shares. Approximately 8.2% of the company’s shares are short sold. Based on an average daily volume of 289,900 shares, the days-to-cover ratio is currently 5.6 days.

A number of institutional investors and hedge funds have recently modified their holdings of TALO. Victory Capital Management Inc. bought a new stake in Talos Energy during the second quarter valued at $40,000. SG3 Management LLC bought a new position in shares of Talos Energy during the 1st quarter worth about $64,000. Point72 Hong Kong Ltd bought a new position in shares of Talos Energy during the 2nd quarter worth about $98,000. BNP Paribas Arbitrage SA boosted its position in shares of Talos Energy by 52,525.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,210 shares of the company’s stock worth $112,000 after purchasing an additional 4,202 shares in the last quarter. Finally, LSV Asset Management bought a new position in shares of Talos Energy during the 2nd quarter worth about $127,000. 97.72% of the stock is currently owned by institutional investors and hedge funds.

TALO traded up $0.62 during trading on Friday, reaching $22.23. 123,000 shares of the stock traded hands, compared to its average volume of 229,250. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.20 billion, a PE ratio of 8.36 and a beta of 1.69. The stock’s 50-day moving average is $20.12 and its 200 day moving average is $24.00. Talos Energy has a 12 month low of $14.60 and a 12 month high of $35.55.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.22. The business had revenue of $286.81 million for the quarter, compared to analysts’ expectations of $268.23 million. Talos Energy had a net margin of 30.24% and a return on equity of 15.59%. As a group, equities research analysts anticipate that Talos Energy will post 3.19 EPS for the current year.

Several analysts recently weighed in on TALO shares. Guggenheim set a $49.00 price objective on shares of Talos Energy and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Northland Securities reaffirmed a “buy” rating and set a $32.00 price target on shares of Talos Energy in a research report on Sunday, September 1st. ValuEngine cut shares of Talos Energy from a “sell” rating to a “strong sell” rating in a research report on Monday, June 3rd. Zacks Investment Research raised shares of Talos Energy from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Stephens set a $37.00 price target on shares of Talos Energy and gave the company a “buy” rating in a research report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Talos Energy currently has a consensus rating of “Buy” and an average target price of $36.40.

Talos Energy Company Profile

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.

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