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

Shares of Talos Energy Inc. (NYSE:TALO) have received a consensus recommendation of “Buy” from the nine analysts that are covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $19.83.

A number of equities research analysts have commented on the company. The Goldman Sachs Group assumed coverage on Talos Energy in a research report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target on the stock. Benchmark restated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Friday. Mizuho began coverage on Talos Energy in a research report on Thursday, September 19th. They set an “outperform” rating and a $16.00 target price on the stock. Finally, Stephens restated an “overweight” rating and set a $24.00 target price on shares of Talos Energy in a research report on Wednesday, July 10th.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital purchased 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was bought at an average cost of $10.52 per share, with a total value of $2,630,000.00. Following the completion of the transaction, the insider now owns 43,108,904 shares of the company’s stock, valued at approximately $453,505,670.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have bought 2,019,000 shares of company stock valued at $21,900,130. 0.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On Talos Energy

Large investors have recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in shares of Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after buying an additional 917 shares during the period. Headlands Technologies LLC bought a new stake in shares of Talos Energy in the 1st quarter worth approximately $50,000. Nisa Investment Advisors LLC boosted its position in shares of Talos Energy by 91.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after purchasing an additional 2,235 shares in the last quarter. Sandia Investment Management LP bought a new stake in shares of Talos Energy in the 1st quarter worth approximately $70,000. Finally, Norden Group LLC bought a new stake in shares of Talos Energy in the 1st quarter worth approximately $147,000. 89.35% of the stock is owned by institutional investors.

Talos Energy Trading Up 1.4 %

NYSE TALO opened at $10.19 on Friday. The business’s 50-day moving average price is $11.31 and its two-hundred day moving average price is $12.06. Talos Energy has a 12 month low of $9.81 and a 12 month high of $17.09. The firm has a market capitalization of $1.84 billion, a PE ratio of 145.57 and a beta of 1.94. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The firm had revenue of $549.17 million for the quarter, compared to analyst estimates of $516.61 million. During the same quarter in the previous year, the company posted $0.06 EPS. The business’s revenue was up 49.6% on a year-over-year basis. On average, analysts expect that Talos Energy will post -0.14 EPS for the current year.

About Talos Energy

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.