Talos Energy Inc. (NYSE:TALO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Talos Energy Inc. (NYSE:TALO) have been assigned a consensus rating of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $20.94.

TALO has been the topic of a number of analyst reports. Stifel Nicolaus increased their target price on Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. TheStreet cut Talos Energy from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. Stephens lowered their target price on Talos Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Tuesday, May 7th. Citigroup began coverage on Talos Energy in a report on Friday, March 22nd. They set a “buy” rating and a $16.50 price objective on the stock. Finally, Benchmark decreased their price objective on Talos Energy from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th.

Insider Transactions at Talos Energy

In other news, insider Control Empresarial De Capital purchased 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average cost of $11.51 per share, for a total transaction of $1,726,500.00. Following the completion of the purchase, the insider now owns 36,072,904 shares of the company’s stock, valued at $415,199,125.04. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of TALO. Headlands Technologies LLC bought a new stake in Talos Energy during the first quarter worth approximately $50,000. Sandia Investment Management LP bought a new position in shares of Talos Energy in the first quarter valued at $70,000. Quadrant Capital Group LLC increased its holdings in shares of Talos Energy by 44.3% in the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after buying an additional 1,731 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Talos Energy by 13.2% in the third quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock valued at $127,000 after buying an additional 903 shares in the last quarter. Finally, Norden Group LLC bought a new position in shares of Talos Energy in the first quarter valued at $147,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Stock Performance

Shares of TALO stock opened at $10.93 on Thursday. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 156.14 and a beta of 1.92. The stock has a 50 day simple moving average of $12.24 and a 200-day simple moving average of $12.95. Talos Energy has a 12-month low of $10.10 and a 12-month high of $17.59. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56.

Talos Energy (NYSE:TALO) last issued its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.13. Talos Energy had a negative return on equity of 0.16% and a negative net margin of 0.96%. The business had revenue of $429.93 million during the quarter, compared to the consensus estimate of $404.00 million. On average, equities analysts forecast that Talos Energy will post -0.03 EPS for the current year.

Talos Energy Company Profile

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.