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

Talos Energy Inc. (NYSE:TALO) has received a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $18.45.

Several brokerages have recently issued reports on TALO. Citigroup lifted their price target on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research note on Thursday. KeyCorp reduced their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. The Goldman Sachs Group initiated coverage on Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 target price for the company. Mizuho started coverage on shares of Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, Benchmark reiterated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital bought 100,000 shares of the business’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 acquisition, the insider now owns 43,545,604 shares of the company’s stock, valued at $448,955,177.24. This represents a 0.23 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 1,220,000 shares of company stock valued at $13,135,560 in the last ninety days. 0.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors have recently modified their holdings of the company. Natixis bought a new stake in Talos Energy during the first quarter valued at $768,000. Vanguard Group Inc. boosted its position in shares of Talos Energy by 23.7% during the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after purchasing an additional 1,873,537 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Talos Energy by 37.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 880,345 shares of the company’s stock worth $10,696,000 after purchasing an additional 239,996 shares during the period. Encompass Capital Advisors LLC acquired a new stake in Talos Energy during the second quarter worth approximately $18,832,000. Finally, HITE Hedge Asset Management LLC increased its holdings in Talos Energy by 78.0% in the second quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock worth $30,939,000 after purchasing an additional 1,116,241 shares in the last quarter. 89.35% of the stock is owned by institutional investors.

Talos Energy Trading Down 3.3 %

TALO opened at $11.28 on Friday. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 20.89 and a beta of 1.92. The company has a quick ratio of 0.80, 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 $14.80. The company has a 50-day simple moving average of $10.79 and a 200 day simple moving average of $11.33.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The firm had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The business’s revenue was up 32.9% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. Analysts predict that Talos Energy will post -0.2 EPS for the current fiscal year.

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.