Talos Energy Inc (NYSE:TALO) Short Interest Down 8.8% in November

Talos Energy Inc (NYSE:TALO) was the target of a large decline in short interest in the month of November. As of November 29th, there was short interest totalling 2,500,000 shares, a decline of 8.8% from the November 14th total of 2,740,000 shares. Currently, 12.7% of the shares of the company are sold short. Based on an average trading volume of 386,600 shares, the short-interest ratio is presently 6.5 days.

Shares of TALO traded down $0.13 during trading hours on Friday, hitting $27.86. The stock had a trading volume of 298,350 shares, compared to its average volume of 320,905. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a 50-day moving average price of $23.58 and a 200 day moving average price of $22.08. Talos Energy has a fifty-two week low of $14.60 and a fifty-two week high of $30.93. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 8.59 and a beta of 1.86.

Talos Energy (NYSE:TALO) last posted its earnings results on Wednesday, November 6th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.17. Talos Energy had a net margin of 38.27% and a return on equity of 17.26%. The firm had revenue of $228.86 million during the quarter, compared to analysts’ expectations of $236.85 million. As a group, analysts predict that Talos Energy will post 2.35 EPS for the current fiscal year.

TALO has been the subject of several research reports. Guggenheim set a $49.00 price objective on shares of Talos Energy and gave the company a “buy” rating in a research note on Wednesday, August 21st. Northland Securities restated a “buy” rating and set a $32.00 price objective on shares of Talos Energy in a research note on Sunday, September 1st. Zacks Investment Research cut shares of Talos Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 24th. ValuEngine cut shares of Talos Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 30th. Finally, Roth Capital decreased their price objective on shares of Talos Energy from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $36.40.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC lifted its stake in shares of Talos Energy by 802.3% in the 3rd quarter. Millennium Management LLC now owns 322,516 shares of the company’s stock valued at $6,556,000 after purchasing an additional 286,771 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Talos Energy by 77.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 37,014 shares of the company’s stock valued at $752,000 after purchasing an additional 16,124 shares during the period. California State Teachers Retirement System lifted its stake in shares of Talos Energy by 1.7% in the 3rd quarter. California State Teachers Retirement System now owns 31,369 shares of the company’s stock valued at $638,000 after purchasing an additional 515 shares during the period. Boston Advisors LLC lifted its stake in shares of Talos Energy by 80.3% in the 3rd quarter. Boston Advisors LLC now owns 72,714 shares of the company’s stock valued at $1,478,000 after purchasing an additional 32,387 shares during the period. Finally, Alps Advisors Inc. acquired a new position in shares of Talos Energy in the 3rd quarter valued at $310,000. Hedge funds and other institutional investors own 98.62% of the company’s stock.

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.

Further Reading: What is the QQQ ETF?

Receive News & Ratings for Talos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talos Energy and related companies with MarketBeat.com's FREE daily email newsletter.