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

Talos Energy Inc. (NYSE:TALO) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $15.83.

Several brokerages have recently issued reports on TALO. Stephens lowered their price target on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday. 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 report on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target for the company. Mizuho lowered their price target on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Finally, KeyCorp lowered their price target on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th.

Institutional Trading of Talos Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtus Investment Advisers Inc. acquired a new stake in Talos Energy during the 3rd quarter worth about $31,000. US Bancorp DE grew its holdings in Talos Energy by 113.3% during the 3rd 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. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Talos Energy during the 3rd quarter worth about $75,000. KBC Group NV grew its holdings in Talos Energy by 46.1% during the 4th quarter. KBC Group NV now owns 7,970 shares of the company’s stock worth $77,000 after acquiring an additional 2,515 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Talos Energy by 182.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company’s stock worth $106,000 after acquiring an additional 7,026 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Stock Down 1.7 %

NYSE TALO opened at $9.29 on Friday. The business has a fifty day moving average price of $10.05 and a two-hundred day moving average price of $10.73. 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 stock has a market capitalization of $1.67 billion, a PE ratio of 17.20 and a beta of 1.89.

Talos Energy (NYSE:TALO) last released its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share 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 the consensus estimate of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. Equities analysts expect that Talos Energy will post -0.37 earnings per share for the current fiscal year.

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.