Talos Energy Inc. (NYSE:TALO) Receives $16.28 Consensus PT from Analysts

Talos Energy Inc. (NYSE:TALO) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $16.28.

A number of research firms have recently issued reports on TALO. Benchmark reiterated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. KeyCorp lowered their price target 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. BMO Capital Markets reduced their price objective on shares of 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. JPMorgan Chase & Co. assumed coverage on Talos Energy in a research report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 target price on the stock. Finally, Citigroup increased their price target on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research report on Thursday, November 14th.

Talos Energy Stock Performance

TALO opened at $9.96 on Monday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 18.44 and a beta of 1.91. The business’s 50-day moving average price is $10.50 and its two-hundred day moving average price is $10.95. Talos Energy has a 1 year low of $8.89 and a 1 year high of $14.67. 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 announced its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The firm had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The firm’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 EPS. Equities analysts expect that Talos Energy will post -0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TALO. Everence Capital Management Inc. grew its stake in Talos Energy by 8.6% in the 3rd quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock valued at $228,000 after buying an additional 1,740 shares during the last quarter. US Bancorp DE grew its position in shares of Talos Energy by 113.3% in the third 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 last quarter. CIBC Asset Management Inc increased its stake in shares of Talos Energy by 13.8% during the second quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock worth $185,000 after purchasing an additional 1,838 shares during the period. Virtus Investment Advisers Inc. acquired a new stake in Talos Energy during the 3rd quarter worth approximately $31,000. Finally, Arizona State Retirement System lifted its holdings in Talos Energy by 8.1% during the 2nd quarter. Arizona State Retirement System now owns 41,188 shares of the company’s stock worth $500,000 after purchasing an additional 3,078 shares during the last quarter. 89.35% of the stock is currently 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.