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

Talos Energy Inc. (NYSE:TALO) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.28.

TALO has been the subject of several research reports. BMO Capital Markets reduced their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Citigroup boosted their price target on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. assumed coverage on shares of Talos Energy in a research note on Thursday, December 5th. They set a “neutral” rating and a $12.00 price objective for the company. KeyCorp cut their price objective 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. Finally, Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research report on Tuesday, November 12th.

Talos Energy Stock Performance

Shares of Talos Energy stock opened at $10.18 on Monday. The firm’s fifty day simple moving average is $10.50 and its 200-day simple moving average is $10.98. Talos Energy has a 12 month low of $8.89 and a 12 month high of $14.77. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 18.85 and a beta of 1.91. 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 (NYSE:TALO) last announced its quarterly earnings data 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 business had revenue of $509.29 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. As a group, equities analysts forecast that Talos Energy will post -0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TALO. Thompson Siegel & Walmsley LLC boosted its position in shares of 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 buying an additional 239,996 shares during the period. Encompass Capital Advisors LLC purchased a new stake in Talos Energy during the second quarter valued at about $18,832,000. Barclays PLC boosted its position in shares of Talos Energy by 21.9% in the third quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock worth $12,149,000 after buying an additional 210,687 shares during the period. HITE Hedge Asset Management LLC boosted its holdings in shares of Talos Energy by 78.0% during 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 during the period. Finally, Verition Fund Management LLC grew its stake in shares of Talos Energy by 250.2% in the 3rd quarter. Verition Fund Management LLC now owns 94,395 shares of the company’s stock valued at $977,000 after buying an additional 67,438 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

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.