Brokerages Set Talos Energy Inc. (NYSE:TALO) Price Target at $16.28

Shares of Talos Energy Inc. (NYSE:TALO) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $16.28.

A number of research analysts recently issued reports on TALO shares. Benchmark reiterated a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Tuesday, November 12th. JPMorgan Chase & Co. began coverage on Talos Energy in a research report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target on the stock. Citigroup boosted their price objective on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. KeyCorp decreased their target price on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Mizuho dropped their price target on Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th.

Talos Energy Stock Down 1.1 %

TALO opened at $9.96 on Monday. The company has a market capitalization of $1.79 billion, a PE ratio of 18.44 and a beta of 1.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. Talos Energy has a fifty-two week low of $8.89 and a fifty-two week high of $14.67. The business has a 50-day moving average of $10.50 and a 200-day moving average of $10.95.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. Equities research analysts forecast that Talos Energy will post -0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TALO. Barclays PLC increased its position in shares of Talos Energy by 21.9% in the 3rd quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock valued at $12,149,000 after buying an additional 210,687 shares in the last quarter. XTX Topco Ltd raised its position in shares of Talos Energy by 280.7% during the third quarter. XTX Topco Ltd now owns 46,089 shares of the company’s stock worth $477,000 after purchasing an additional 33,984 shares during the period. Virtus Investment Advisers Inc. bought a new position in shares of Talos Energy during the 3rd quarter valued at about $31,000. Weiss Asset Management LP grew its position in shares of Talos Energy by 103.0% in the 3rd quarter. Weiss Asset Management LP now owns 263,489 shares of the company’s stock valued at $2,727,000 after purchasing an additional 133,714 shares during the period. Finally, Stifel Financial Corp increased its stake in Talos Energy by 40.6% during the 3rd quarter. Stifel Financial Corp now owns 107,438 shares of the company’s stock worth $1,112,000 after purchasing an additional 31,010 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

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.