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

Shares of Talos Energy Inc. (NYSE:TALO) have been given an average rating of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.06.

A number of analysts have commented on the company. BMO Capital Markets reduced their price target on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Mizuho began coverage on shares of Talos Energy in a research note on Thursday, September 19th. They set an “outperform” rating and a $16.00 target price on the stock. Citigroup upped their price target on shares of 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 price objective on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Benchmark reiterated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Tuesday, November 12th.

Talos Energy Stock Performance

Shares of TALO opened at $11.45 on Friday. Talos Energy has a one year low of $9.44 and a one year high of $14.77. The business has a fifty day moving average of $10.84 and a 200 day moving average of $11.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $2.06 billion, a P/E ratio of 21.20 and a beta of 1.92.

Talos Energy (NYSE:TALO) last announced its earnings results on Monday, November 11th. The company reported ($0.14) EPS 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 net margin of 3.95% and a negative return on equity of 1.98%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. As a group, sell-side analysts anticipate that Talos Energy will post -0.35 EPS for the current year.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital purchased 323,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $10.84 per share, for a total transaction of $3,501,320.00. Following the completion of the transaction, the insider now directly owns 42,858,904 shares in the company, valued at $464,590,519.36. This represents a 0.76 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders have acquired 1,220,000 shares of company stock worth $13,135,560. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Talos Energy by 23.7% during the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock worth $136,425,000 after acquiring an additional 1,873,537 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Talos Energy by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock valued at $79,545,000 after purchasing an additional 179,181 shares in the last quarter. Invesco Senior Secured Management Inc. ADV purchased a new position in Talos Energy during the first quarter valued at approximately $77,977,000. Philosophy Capital Management LLC raised its stake in 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 buying an additional 841,414 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Talos Energy by 26.2% during the second quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock worth $36,236,000 after buying an additional 619,169 shares during the period. 89.35% of the stock is 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.