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

Talos Energy Inc. (NYSE:TALO) has been given an average rating of “Moderate Buy” by the nine analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.28.

Several equities analysts recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Tuesday, November 12th. KeyCorp decreased their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Mizuho dropped their price target on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. BMO Capital Markets decreased their price objective on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. started coverage on shares of Talos Energy in a report on Thursday, December 5th. They set a “neutral” rating and a $12.00 target price for the company.

Talos Energy Price Performance

Shares of Talos Energy stock opened at $10.64 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. Talos Energy has a 52-week low of $8.89 and a 52-week high of $14.67. The company has a fifty day moving average of $10.50 and a 200-day moving average of $10.92. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 19.70 and a beta of 1.91.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) 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 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 business’s quarterly revenue 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 research analysts expect that Talos Energy will post -0.35 EPS for the current year.

Hedge Funds Weigh In On Talos Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtus Investment Advisers Inc. purchased a new stake in Talos Energy in the third quarter worth about $31,000. US Bancorp DE lifted its stake in shares of Talos Energy by 113.3% in the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after purchasing an additional 1,827 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Talos Energy during the third quarter valued at approximately $75,000. FMR LLC grew its stake in Talos Energy by 119.2% in the third quarter. FMR LLC now owns 10,395 shares of the company’s stock worth $108,000 after purchasing an additional 5,653 shares during the period. Finally, Regent Peak Wealth Advisors LLC bought a new position in Talos Energy in the third quarter worth $118,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.