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

Talos Energy Inc. (NYSE:TALO) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $18.65.

A number of analysts have recently commented on the company. The Goldman Sachs Group started coverage on Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 price target on the stock. Stephens reissued an “overweight” rating and set a $24.00 target price on shares of Talos Energy in a report on Wednesday, July 10th. KeyCorp decreased their price target on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets cut their price target on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Finally, Mizuho assumed coverage on shares of Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price objective on the stock.

Talos Energy Price Performance

TALO stock opened at $10.48 on Wednesday. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 149.71 and a beta of 1.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50 day simple moving average of $10.91 and a 200 day simple moving average of $11.59. Talos Energy has a 1 year low of $9.44 and a 1 year high of $15.92.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The company had revenue of $549.17 million during the quarter, compared to the consensus estimate of $516.61 million. During the same period in the prior year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was up 49.6% compared to the same quarter last year. Research analysts anticipate that Talos Energy will post -0.14 EPS for the current fiscal year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital purchased 306,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $11.50 per share, for a total transaction of $3,519,000.00. Following the acquisition, the insider now owns 38,528,904 shares of the company’s stock, valued at approximately $443,082,396. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders acquired 2,119,000 shares of company stock valued at $22,931,130. Corporate insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently made changes to their positions in TALO. Assenagon Asset Management S.A. raised its position in shares of Talos Energy by 76.6% during the third quarter. Assenagon Asset Management S.A. now owns 109,700 shares of the company’s stock worth $1,135,000 after purchasing an additional 47,595 shares during the period. Everence Capital Management Inc. raised its holdings in Talos Energy by 8.6% during the third quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock worth $228,000 after buying an additional 1,740 shares during the last quarter. Regent Peak Wealth Advisors LLC acquired a new position in Talos Energy during the third quarter worth $118,000. Creative Planning lifted its stake in shares of Talos Energy by 132.3% in the third quarter. Creative Planning now owns 67,563 shares of the company’s stock valued at $699,000 after buying an additional 38,480 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Talos Energy by 26.7% during the second quarter. The Manufacturers Life Insurance Company now owns 80,571 shares of the company’s stock valued at $979,000 after buying an additional 17,004 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

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.