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

Talos Energy Inc. (NYSE:TALO) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $16.50.

TALO has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. BMO Capital Markets reduced 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. Mizuho assumed coverage on Talos Energy in a report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price target for the company. JPMorgan Chase & Co. began coverage on Talos Energy in a research report on Thursday, December 5th. They set a “neutral” rating and a $12.00 price objective for the company. Finally, KeyCorp decreased their target price on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th.

Talos Energy Price Performance

Shares of TALO opened at $10.26 on Thursday. 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 twelve month low of $9.44 and a twelve month high of $14.77. The stock has a market capitalization of $1.85 billion, a P/E ratio of 18.99 and a beta of 1.92. The company has a 50 day moving average of $10.80 and a 200-day moving average of $11.14.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The business had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. During the same quarter in the previous year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, equities research analysts forecast that Talos Energy will post -0.35 EPS for the current fiscal year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital acquired 100,000 shares of the company’s stock in a transaction on Friday, September 27th. The shares were purchased at an average cost of $10.31 per share, with a total value of $1,031,000.00. Following the completion of the purchase, the insider now owns 43,545,604 shares of the company’s stock, valued at approximately $448,955,177.24. This represents a 0.23 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

Several institutional investors have recently bought and sold shares of TALO. Signaturefd LLC grew its holdings in shares of Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after acquiring an additional 917 shares in the last quarter. 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 purchasing an additional 1,740 shares during the period. US Bancorp DE grew its stake in Talos Energy by 113.3% in the 3rd 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 period. CIBC Asset Management Inc increased its position in shares of Talos Energy by 13.8% during the 2nd quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock valued at $185,000 after purchasing an additional 1,838 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Talos Energy by 91.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after purchasing an additional 2,235 shares during the period. Institutional investors own 89.35% of the company’s stock.

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.