Talos Energy Inc. (NYSE:TALO) Receives $18.45 Consensus Target Price from Analysts

Talos Energy Inc. (NYSE:TALO) has earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $17.06.

TALO has been the subject of a number of research analyst reports. Citigroup lifted their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Mizuho started coverage on Talos Energy in a research report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price target for the company. KeyCorp cut their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. BMO Capital Markets decreased their target price on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Finally, Benchmark reiterated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital acquired 547,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average cost of $10.92 per share, with a total value of $5,973,240.00. Following the completion of the acquisition, the insider now directly owns 40,685,904 shares in the company, valued at approximately $444,290,071.68. This trade represents a 1.36 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have acquired 1,220,000 shares of company stock worth $13,135,560. 0.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank lifted its stake in shares of Talos Energy by 12.3% in the first quarter. Swiss National Bank now owns 274,500 shares of the company’s stock worth $3,824,000 after buying an additional 30,000 shares in the last quarter. Sei Investments Co. lifted its stake in Talos Energy by 12.8% in the 1st quarter. Sei Investments Co. now owns 262,335 shares of the company’s stock worth $3,654,000 after purchasing an additional 29,736 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Talos Energy by 11.1% during the 1st quarter. Russell Investments Group Ltd. now owns 272,306 shares of the company’s stock worth $3,793,000 after purchasing an additional 27,096 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Talos Energy by 38.1% during the 1st quarter. ProShare Advisors LLC now owns 27,961 shares of the company’s stock worth $389,000 after purchasing an additional 7,708 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Talos Energy by 23.7% in the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after purchasing an additional 1,873,537 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Down 1.0 %

Shares of Talos Energy stock opened at $11.45 on Friday. Talos Energy has a 52-week low of $9.44 and a 52-week high of $14.77. The firm’s 50 day moving average price is $10.84 and its 200-day moving average price is $11.28. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a market cap of $2.06 billion, a P/E ratio of 21.20 and a beta of 1.92.

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