Talos Energy Inc (NYSE:TALO) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 1,440,900 shares, an increase of 25.9% from the June 15th total of 1,144,200 shares. Based on an average daily volume of 280,300 shares, the days-to-cover ratio is currently 5.1 days. Approximately 7.3% of the shares of the stock are short sold.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG3 Management LLC purchased a new stake in shares of Talos Energy in the first quarter valued at $64,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Talos Energy by 52,525.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,210 shares of the company’s stock valued at $112,000 after purchasing an additional 4,202 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted 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 purchasing an additional 5,765 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Talos Energy in the fourth quarter valued at $171,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Talos Energy in the first quarter valued at $175,000. 97.28% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on TALO. Zacks Investment Research lowered ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a research note on Saturday. ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Northland Securities reaffirmed a “buy” rating and set a $40.00 price target on shares of Talos Energy in a research note on Tuesday, April 16th. Stephens set a $37.00 price objective on Talos Energy and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Finally, Roth Capital set a $75.00 price objective on First Solar and gave the stock a “buy” rating in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. Talos Energy currently has a consensus rating of “Buy” and an average target price of $38.17.

Shares of TALO traded down $0.49 during trading hours on Friday, hitting $21.20. 193,377 shares of the company were exchanged, compared to its average volume of 279,201. The company has a market capitalization of $1.15 billion, a P/E ratio of 7.97 and a beta of 1.69. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average is $23.41. Talos Energy has a one year low of $14.60 and a one year high of $37.64.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.24. The business had revenue of $178.71 million during the quarter, compared to analyst estimates of $178.06 million. Talos Energy had a return on equity of 3.28% and a net margin of 14.59%. Equities analysts anticipate that Talos Energy will post 2.94 earnings per share for the current fiscal year.

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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