Talos Energy Inc. (NYSE:TALO) Receives $18.65 Consensus Target Price from Brokerages

Shares of Talos Energy Inc. (NYSE:TALO) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $18.65.

TALO has been the subject of several recent analyst reports. BMO Capital Markets cut their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Friday, October 4th. The Goldman Sachs Group assumed coverage on Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 target price for the company. Mizuho assumed coverage on Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price for the company. Stephens reaffirmed an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a research note on Wednesday, July 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Friday, September 27th.

Talos Energy Stock Up 1.8 %

Shares of NYSE TALO opened at $10.49 on Wednesday. Talos Energy has a 12 month low of $9.44 and a 12 month high of $15.92. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 149.79 and a beta of 1.93. The business has a 50-day moving average of $10.91 and a 200-day moving average of $11.63.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The company had revenue of $549.17 million during the quarter, compared to analyst estimates of $516.61 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Talos Energy’s revenue was up 49.6% on a year-over-year basis. Sell-side analysts expect that Talos Energy will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Talos Energy

In related news, insider Control Empresarial De Capital acquired 100,000 shares of the stock in a transaction on Friday, September 27th. The stock was purchased at an average price of $10.31 per share, for a total transaction of $1,031,000.00. Following the completion of the transaction, the insider now owns 43,545,604 shares of the company’s stock, valued at $448,955,177.24. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders purchased 2,119,000 shares of company stock worth $22,931,130. 0.77% of the stock is currently owned by insiders.

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. Vanguard Group Inc. raised its holdings in shares of Talos Energy by 23.7% during the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after acquiring an additional 1,873,537 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Talos Energy by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock worth $79,545,000 after purchasing an additional 179,181 shares in the last quarter. Invesco Senior Secured Management Inc. ADV bought a new position in Talos Energy in the first quarter worth $77,977,000. American Century Companies Inc. raised its holdings in Talos Energy by 26.2% in the second quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock worth $36,236,000 after purchasing an additional 619,169 shares in the last quarter. Finally, HITE Hedge Asset Management LLC raised its holdings in Talos Energy by 78.0% in the second quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock worth $30,939,000 after purchasing an additional 1,116,241 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

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.