Analysts Set Talos Energy Inc. (NYSE:TALO) PT at $16.28

Talos Energy Inc. (NYSE:TALO) has been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $16.28.

Several research firms have recently issued reports on TALO. Benchmark reissued a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research report on Tuesday, November 12th. Citigroup boosted their target price on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. began coverage on Talos Energy in a report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target for 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. Finally, Mizuho dropped their price objective on Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, December 16th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TALO. Everence Capital Management Inc. grew its stake 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 buying an additional 1,740 shares in the last quarter. US Bancorp DE grew its position in Talos Energy by 113.3% in 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 in the last quarter. CIBC Asset Management Inc increased its stake in 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 acquiring an additional 1,838 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new stake in Talos Energy during the third quarter valued at about $31,000. Finally, Arizona State Retirement System lifted its stake in Talos Energy by 8.1% during the second quarter. Arizona State Retirement System now owns 41,188 shares of the company’s stock worth $500,000 after purchasing an additional 3,078 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

Talos Energy Price Performance

Talos Energy stock opened at $10.64 on Monday. The business’s 50 day simple moving average is $10.50 and its 200 day simple moving average is $10.92. Talos Energy has a 12 month low of $8.89 and a 12 month high of $14.67. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 19.70 and a beta of 1.91. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47.

Talos Energy (NYSE:TALO) last issued its quarterly 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). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The firm had revenue of $509.29 million for the quarter, compared to analysts’ expectations of $504.44 million. During the same period in the prior year, the company earned $0.14 EPS. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. Sell-side analysts forecast that Talos Energy will post -0.35 EPS for the current year.

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.