Talos Energy Inc. (NYSE:TALO) Given Average Rating of “Moderate Buy” by Analysts

Talos Energy Inc. (NYSE:TALO) has been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.06.

Several equities research analysts have recently commented on TALO shares. BMO Capital Markets cut their price target on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Mizuho initiated coverage on shares of Talos Energy in a research report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price objective for the company. KeyCorp lowered their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Benchmark reissued a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. Finally, Citigroup lifted their price objective on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital acquired 547,000 shares of Talos Energy stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased 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 owns 40,685,904 shares in the company, valued at $444,290,071.68. This trade represents a 1.36 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have purchased 1,220,000 shares of company stock valued at $13,135,560. Corporate insiders own 0.77% of the company’s stock.

Institutional Trading of Talos Energy

Large investors have recently bought and sold shares of the company. Invesco Senior Secured Management Inc. ADV purchased a new position in Talos Energy during the first quarter worth $77,977,000. Vanguard Group Inc. increased its position in Talos Energy by 23.7% during the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock worth $136,425,000 after purchasing an additional 1,873,537 shares in the last quarter. Victory Capital Management Inc. raised its stake in 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 valued at $22,292,000 after purchasing an additional 1,724,014 shares during the last quarter. Encompass Capital Advisors LLC purchased a new position in Talos Energy in the 2nd quarter valued at about $18,832,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Talos Energy during the 2nd quarter worth about $13,693,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $11.57 on Friday. Talos Energy has a one year low of $9.44 and a one year high of $14.77. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 21.43 and a beta of 1.92. The company has a 50-day simple moving average of $10.82 and a 200-day simple moving average of $11.29. 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 (NYSE:TALO) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The company had revenue of $509.29 million for the quarter, compared to analysts’ expectations of $504.44 million. During the same period in the prior year, the company earned $0.14 earnings per share. The firm’s revenue was up 32.9% on a year-over-year basis. On average, analysts predict that Talos Energy will post -0.2 EPS for the current year.

About Talos Energy

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.