Brokerages Set Talos Energy Inc. (NYSE:TALO) Target Price at $16.50

Shares of Talos Energy Inc. (NYSE:TALO) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $16.28.

TALO has been the topic of several analyst reports. Citigroup increased their target price 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 lowered 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. Mizuho reduced their target price on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Monday. BMO Capital Markets lowered their price target on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. began coverage on shares of Talos Energy in a research note on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price objective for the company.

Talos Energy Stock Down 1.4 %

Shares of Talos Energy stock opened at $9.83 on Thursday. The stock has a 50-day simple moving average of $10.72 and a 200-day simple moving average of $11.11. Talos Energy has a 52-week low of $9.44 and a 52-week high of $14.77. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 18.19 and a beta of 1.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97.

Talos Energy (NYSE:TALO) last posted its earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The business’s revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, equities research analysts expect that Talos Energy will post -0.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital purchased 100,000 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were purchased at an average price of $10.31 per share, for a total transaction of $1,031,000.00. Following the completion of the purchase, the insider now directly owns 43,545,604 shares of the company’s stock, valued at approximately $448,955,177.24. This represents a 0.23 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Talos Energy by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock worth $79,545,000 after buying an additional 179,181 shares during the period. Philosophy Capital Management LLC raised its stake in Talos Energy by 37.8% during the third quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock worth $31,728,000 after acquiring an additional 841,414 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Talos Energy by 26.2% during the second quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock valued at $36,236,000 after acquiring an additional 619,169 shares during the period. HITE Hedge Asset Management LLC boosted its stake in shares of Talos Energy by 78.0% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock valued at $30,939,000 after purchasing an additional 1,116,241 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Talos Energy by 1,557.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock worth $22,292,000 after purchasing an additional 1,724,014 shares during the last quarter. 89.35% of the stock is owned by institutional investors.

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.