Talos Energy Inc. (NYSE:TALO) Receives $14.43 Average PT from Analysts

Shares of Talos Energy Inc. (NYSE:TALO) have received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $14.4286.

Several research analysts have weighed in on TALO shares. Mizuho reiterated a “neutral” rating and set a $11.00 target price on shares of Talos Energy in a report on Monday, September 15th. Wall Street Zen cut Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Talos Energy in a research note on Wednesday.

Insider Activity

In related news, Director Paula R. Glover sold 6,159 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total transaction of $59,680.71. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Institutional Trading of Talos Energy

Several hedge funds and other institutional investors have recently modified their holdings of TALO. GAMMA Investing LLC boosted its position in shares of Talos Energy by 360.9% during the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock worth $31,000 after buying an additional 2,501 shares during the period. Teacher Retirement System of Texas bought a new stake in Talos Energy in the 1st quarter valued at approximately $192,000. Principal Financial Group Inc. lifted its stake in Talos Energy by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 619,800 shares of the company’s stock valued at $6,024,000 after acquiring an additional 16,463 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in Talos Energy by 14.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 60,763 shares of the company’s stock worth $591,000 after acquiring an additional 7,506 shares during the last quarter. Finally, Peirce Capital Management LLC bought a new position in shares of Talos Energy during the 1st quarter worth approximately $355,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Stock Performance

Shares of NYSE:TALO opened at $9.76 on Friday. The firm’s 50 day simple moving average is $9.63 and its 200 day simple moving average is $8.81. Talos Energy has a fifty-two week low of $6.23 and a fifty-two week high of $12.71. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -10.06 and a beta of 0.75. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22.

Talos Energy (NYSE:TALO) last issued its earnings results on Wednesday, November 5th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.23. The firm had revenue of $450.05 million during the quarter, compared to the consensus estimate of $421.73 million. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The business’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. As a group, sell-side analysts forecast that Talos Energy will post -0.44 earnings per share for the current 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.