Brokerages Set Talos Energy Inc. (NYSE:TALO) PT at $20.94

Talos Energy Inc. (NYSE:TALO) has been assigned a consensus rating of “Buy” from the eight research firms that are covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $20.94.

A number of research firms have recently commented on TALO. TheStreet cut shares of Talos Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, March 19th. Citigroup started coverage on shares of Talos Energy in a research note on Friday, March 22nd. They issued a “buy” rating and a $16.50 price target for the company. Stephens dropped their price target on shares of Talos Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Tuesday, May 7th. Stifel Nicolaus lifted their price target on shares of Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, KeyCorp lifted their price target on shares of Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd.

Talos Energy Price Performance

TALO opened at $11.91 on Thursday. The stock has a market capitalization of $2.19 billion, a PE ratio of 170.07 and a beta of 1.92. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 0.78. Talos Energy has a 1 year low of $10.10 and a 1 year high of $17.59. The company’s 50 day simple moving average is $12.03 and its 200 day simple moving average is $12.90.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Monday, May 6th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.13. The firm had revenue of $429.93 million for the quarter, compared to analysts’ expectations of $404.00 million. Talos Energy had a negative net margin of 0.96% and a negative return on equity of 0.16%. As a group, sell-side analysts expect that Talos Energy will post -0.03 EPS for the current year.

Insider Transactions at Talos Energy

In related news, insider Control Empresarial De Capital purchased 200,000 shares of Talos Energy stock in a transaction dated Wednesday, May 29th. The stock was acquired at an average cost of $11.48 per share, with a total value of $2,296,000.00. Following the completion of the transaction, the insider now directly owns 36,272,904 shares of the company’s stock, valued at $416,412,937.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 650,000 shares of company stock valued at $7,262,500 over the last three months. 0.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of Talos Energy by 13.2% in the third quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock worth $127,000 after acquiring an additional 903 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Talos Energy by 44.3% in the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after acquiring an additional 1,731 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Talos Energy by 23.4% in the first quarter. Ameritas Investment Partners Inc. now owns 13,717 shares of the company’s stock worth $191,000 after acquiring an additional 2,600 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Talos Energy in the first quarter worth $50,000. Finally, Congress Asset Management Co. MA grew its stake in shares of Talos Energy by 1.0% in the first quarter. Congress Asset Management Co. MA now owns 375,382 shares of the company’s stock worth $5,229,000 after acquiring an additional 3,800 shares during 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.