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

Talos Energy Inc. (NYSE:TALO) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.94.

A number of brokerages recently issued reports on TALO. KeyCorp decreased their price objective on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Mizuho lowered their price objective on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. started coverage on Talos Energy in a report on Thursday, December 5th. They set a “neutral” rating and a $12.00 target price on the stock. Stephens restated an “overweight” rating and issued a $21.00 price target on shares of Talos Energy in a report on Thursday, January 16th. Finally, Citigroup lifted their price objective on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Everence Capital Management Inc. lifted 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 last quarter. US Bancorp DE lifted its position 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 during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Talos Energy by 2.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 111,892 shares of the company’s stock worth $1,086,000 after acquiring an additional 2,192 shares during the period. KBC Group NV increased its holdings in shares of Talos Energy by 46.1% during the 4th quarter. KBC Group NV now owns 7,970 shares of the company’s stock worth $77,000 after acquiring an additional 2,515 shares during the last quarter. Finally, Virtus Investment Advisers Inc. bought a new stake in Talos Energy in the 3rd quarter valued at $31,000. 89.35% of the stock is currently owned by institutional investors.

Talos Energy Trading Up 0.8 %

TALO opened at $10.01 on Friday. The firm has a 50 day simple moving average of $10.22 and a 200 day simple moving average of $10.80. Talos Energy has a fifty-two week low of $8.89 and a fifty-two week high of $14.67. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 18.53 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 posted 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). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The company had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. During the same period last year, the company earned $0.14 EPS. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. On average, sell-side analysts anticipate 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.