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

Shares of Talos Energy Inc. (NYSE:TALO) have been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $15.94.

Several equities research analysts have recently weighed in on the company. KeyCorp reduced their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Citigroup upped their target price on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. Benchmark restated a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Tuesday, November 12th. Mizuho cut their target price on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. assumed coverage on Talos Energy in a research note on Thursday, December 5th. They issued a “neutral” rating and a $12.00 target price for the company.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TALO. Virtus Investment Advisers Inc. acquired a new stake in shares of Talos Energy in the third quarter valued at $31,000. US Bancorp DE increased its stake in shares of Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after buying an additional 1,827 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Talos Energy in the third quarter valued at $75,000. KBC Group NV increased its stake in shares of Talos Energy by 46.1% in the fourth quarter. KBC Group NV now owns 7,970 shares of the company’s stock valued at $77,000 after buying an additional 2,515 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Talos Energy by 182.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company’s stock valued at $106,000 after buying an additional 7,026 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Stock Up 2.7 %

TALO opened at $9.60 on Friday. Talos Energy has a 1-year low of $8.89 and a 1-year high of $14.67. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.77 and a beta of 1.89. The business has a 50 day moving average of $10.12 and a 200-day moving average of $10.75.

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). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The business had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. During the same period in the prior year, the company posted $0.14 earnings per share. The firm’s revenue was up 32.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Talos Energy will post -0.37 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.