Talos Energy Inc. (NYSE:TALO) Receives $17.67 Consensus Target Price from Analysts

Talos Energy Inc. (NYSE:TALO) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $18.40.

A number of analysts recently commented on TALO shares. Roth Mkm reaffirmed a “neutral” rating and issued a $16.00 target price (up from $13.00) on shares of Talos Energy in a research report on Wednesday, April 8th. Weiss Ratings raised Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Citigroup boosted their target price on Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. boosted their price objective on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Finally, Benchmark lowered Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th.

Talos Energy Stock Down 0.1%

TALO opened at $13.76 on Monday. Talos Energy has a fifty-two week low of $7.67 and a fifty-two week high of $17.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $2.30 billion, a P/E ratio of -3.19 and a beta of 0.33. The stock has a fifty day moving average of $15.01 and a 200-day moving average of $13.45.

Talos Energy (NYSE:TALO) last posted its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. The firm had revenue of $472.31 million for the quarter, compared to analysts’ expectations of $446.39 million. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The company’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. On average, equities analysts expect that Talos Energy will post 0.41 EPS for the current year.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital sold 1,352,000 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $16.68, for a total value of $22,551,360.00. Following the transaction, the insider owned 41,233,604 shares in the company, valued at approximately $687,776,514.72. This represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 2,935,568 shares of company stock valued at $48,892,022 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Talos Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its position in shares of Talos Energy by 11.8% in the first quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock worth $278,000 after buying an additional 3,007 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Talos Energy by 152.1% in the first quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock worth $884,000 after buying an additional 54,854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Talos Energy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock worth $838,000 after buying an additional 3,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Talos Energy by 16.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock valued at $21,224,000 after acquiring an additional 304,205 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Talos Energy by 132.7% in the second quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock valued at $3,279,000 after acquiring an additional 220,502 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

About Talos Energy

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.