Talos Energy Inc. (NYSE:TALO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Talos Energy Inc. (NYSE:TALO) have been assigned a consensus rating of “Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $20.31.

Several research firms have weighed in on TALO. The Goldman Sachs Group started coverage on Talos Energy in a report on Monday, July 22nd. They issued a “buy” rating and a $14.00 target price on the stock. Stephens reaffirmed an “overweight” rating and set a $24.00 price target on shares of Talos Energy in a research report on Wednesday, July 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research report on Thursday, August 8th.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital bought 250,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was bought at an average price of $11.40 per share, with a total value of $2,850,000.00. Following the transaction, the insider now owns 38,222,904 shares of the company’s stock, valued at $435,741,105.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders have bought 1,746,000 shares of company stock worth $19,008,810 in the last quarter. 0.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds have recently added to or reduced their stakes in TALO. Creative Planning raised its holdings in shares of Talos Energy by 47.1% during the second quarter. Creative Planning now owns 29,083 shares of the company’s stock valued at $353,000 after buying an additional 9,315 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Talos Energy by 26.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 80,571 shares of the company’s stock worth $979,000 after buying an additional 17,004 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in Talos Energy in the 2nd quarter worth about $18,832,000. AQR Capital Management LLC acquired a new stake in Talos Energy in the second quarter valued at approximately $608,000. Finally, Squarepoint Ops LLC acquired a new position in Talos Energy during the second quarter worth $1,186,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Stock Up 1.2 %

Shares of NYSE:TALO opened at $10.92 on Tuesday. Talos Energy has a 1-year low of $9.81 and a 1-year high of $17.14. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market cap of $1.97 billion, a P/E ratio of 156.00 and a beta of 1.94. The firm has a fifty day moving average price of $11.54 and a 200 day moving average price of $12.27.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The company had revenue of $549.17 million for the quarter, compared to analyst estimates of $516.61 million. During the same quarter in the previous year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 49.6% compared to the same quarter last year. Sell-side analysts predict that Talos Energy will post -0.14 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.