Talos Energy Inc. (NYSE:TALO) Receives $18.45 Average Target Price from Analysts

Talos Energy Inc. (NYSE:TALO) has been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $18.45.

A number of research analysts have issued reports on TALO shares. Mizuho started coverage on shares of Talos Energy in a research note on Thursday, September 19th. They set an “outperform” rating and a $16.00 price target on the stock. BMO Capital Markets cut their target price on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Benchmark reaffirmed a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Tuesday, November 12th. KeyCorp cut their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Citigroup lifted their target price on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday, November 14th.

Talos Energy Stock Down 3.4 %

Shares of TALO stock opened at $11.03 on Friday. The stock’s fifty day moving average price is $10.81 and its 200 day moving average price is $11.29. Talos Energy has a 1-year low of $9.44 and a 1-year high of $14.80. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 20.42 and a beta of 1.92. 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 (NYSE:TALO) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The business had revenue of $509.29 million for the quarter, compared to analysts’ expectations of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. Talos Energy’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. On average, research analysts expect that Talos Energy will post -0.2 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Control Empresarial De Capital bought 547,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost of $10.92 per share, with a total value of $5,973,240.00. Following the purchase, the insider now directly owns 40,685,904 shares in the company, valued at $444,290,071.68. The trade was a 1.36 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought a total of 1,220,000 shares of company stock valued at $13,135,560 in the last three months. 0.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Talos Energy

A number of large investors have recently bought and sold shares of TALO. Signaturefd LLC increased its position in shares of Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after buying an additional 917 shares in the last quarter. Everence Capital Management Inc. increased its holdings in Talos Energy by 8.6% in the 3rd quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock worth $228,000 after acquiring an additional 1,740 shares in the last quarter. US Bancorp DE raised its position in Talos Energy by 113.3% during the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after acquiring an additional 1,827 shares during the period. CIBC Asset Management Inc grew its position in shares of Talos Energy by 13.8% in the second quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock valued at $185,000 after purchasing an additional 1,838 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Talos Energy by 91.1% during the second 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. Institutional investors and hedge funds 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.