Talos Energy Inc. (NYSE:TALO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Talos Energy Inc. (NYSE:TALO) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $15.83.

A number of brokerages have recently weighed in on TALO. Stephens dropped their price objective on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. started coverage on shares of Talos Energy in a report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target on the stock. Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. Mizuho lowered their price target on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Finally, Citigroup upped their price target on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Sourcerock Group LLC raised its position in shares of Talos Energy by 3.6% during the 4th quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company’s stock worth $92,738,000 after purchasing an additional 331,109 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Talos Energy by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company’s stock worth $74,964,000 after purchasing an additional 763,631 shares during the last quarter. American Century Companies Inc. raised its position in shares of Talos Energy by 14.9% during the 4th quarter. American Century Companies Inc. now owns 4,427,546 shares of the company’s stock worth $42,991,000 after purchasing an additional 575,096 shares during the last quarter. Philosophy Capital Management LLC raised its position in shares of Talos Energy by 37.8% during the 3rd quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock worth $31,728,000 after purchasing an additional 841,414 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Talos Energy by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,100,185 shares of the company’s stock worth $20,393,000 after purchasing an additional 101,280 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Price Performance

Shares of TALO opened at $9.00 on Tuesday. The firm has a market capitalization of $1.62 billion, a PE ratio of 16.67 and a beta of 1.89. 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 has a 1-year low of $8.48 and a 1-year high of $14.67. The company’s fifty day moving average price is $9.75 and its 200-day moving average price is $10.48.

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.