Talos Energy Inc. (NYSE:TALO) Receives $16.50 Average PT from Analysts

Shares of Talos Energy Inc. (NYSE:TALO) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $16.28.

A number of analysts recently weighed in on the stock. KeyCorp decreased their price target on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Citigroup raised their price target on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. started coverage on Talos Energy in a research report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target on the stock. Mizuho decreased their price objective on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday. Finally, BMO Capital Markets dropped their target price on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Friday, October 4th.

Insider Activity

In related news, insider Control Empresarial De Capital acquired 100,000 shares of Talos Energy stock in a transaction that occurred 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 purchase, the insider now directly owns 43,545,604 shares of the company’s stock, valued at approximately $448,955,177.24. This trade represents a 0.23 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TALO. Barclays PLC boosted its stake in shares of Talos Energy by 21.9% during the 3rd quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock worth $12,149,000 after acquiring an additional 210,687 shares in the last quarter. XTX Topco Ltd boosted its position in Talos Energy by 280.7% during the third quarter. XTX Topco Ltd now owns 46,089 shares of the company’s stock worth $477,000 after purchasing an additional 33,984 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new stake in Talos Energy in the third quarter valued at $31,000. Weiss Asset Management LP increased its position in shares of Talos Energy by 103.0% in the third quarter. Weiss Asset Management LP now owns 263,489 shares of the company’s stock valued at $2,727,000 after buying an additional 133,714 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Talos Energy by 40.6% during the 3rd quarter. Stifel Financial Corp now owns 107,438 shares of the company’s stock worth $1,112,000 after buying an additional 31,010 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Stock Down 2.8 %

Shares of NYSE TALO opened at $9.53 on Thursday. The business has a 50-day moving average price of $10.70 and a 200 day moving average price of $11.09. The stock has a market cap of $1.72 billion, a PE ratio of 17.65 and a beta of 1.92. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy has a 52-week low of $9.44 and a 52-week high of $14.77.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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%. Talos Energy’s revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. Equities research analysts forecast that Talos Energy will post -0.35 earnings per share for the current year.

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.