Talos Energy Inc. (NYSE:TALO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Talos Energy Inc. (NYSE:TALO) has received an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $16.28.

Several research analysts have recently commented on the stock. Citigroup raised their target price on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. BMO Capital Markets decreased their price target on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. JPMorgan Chase & Co. began coverage on shares of Talos Energy in a research note on Thursday, December 5th. They issued a “neutral” rating and a $12.00 target price on the stock. Finally, Mizuho dropped their target price 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 Price Performance

Shares of Talos Energy stock opened at $10.18 on Monday. Talos Energy has a 1-year low of $8.89 and a 1-year high of $14.77. The firm’s 50-day moving average price is $10.50 and its two-hundred day moving average price is $10.98. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 18.85 and a beta of 1.91.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The company 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 company’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. On average, equities analysts predict that Talos Energy will post -0.35 earnings per share for the current fiscal year.

Institutional Trading of Talos Energy

Several institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Talos Energy by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock worth $79,545,000 after purchasing an additional 179,181 shares in the last quarter. Philosophy Capital Management LLC increased its stake in shares of Talos Energy by 37.8% in the third quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock worth $31,728,000 after purchasing an additional 841,414 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Talos Energy by 26.2% during the 2nd quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock valued at $36,236,000 after buying an additional 619,169 shares in the last quarter. HITE Hedge Asset Management LLC boosted its stake in Talos Energy by 78.0% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock worth $30,939,000 after purchasing an additional 1,116,241 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Talos Energy by 1,557.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock valued at $22,292,000 after purchasing an additional 1,724,014 shares during the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.