Talos Energy Inc. (NYSE:TALO) Receives Consensus Rating of “Buy” from Brokerages

Shares of Talos Energy Inc. (NYSE:TALO) have earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $21.19.

TALO has been the topic of several analyst reports. Stifel Nicolaus raised their target price on Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Citigroup initiated coverage on Talos Energy in a report on Friday, March 22nd. They set a “buy” rating and a $16.50 target price on the stock. Stephens reaffirmed an “overweight” rating and set a $26.00 target price on shares of Talos Energy in a report on Monday, April 22nd. KeyCorp raised their target price on Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, TheStreet lowered Talos Energy from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th.

Insider Activity

In other news, insider Control Empresarial De Capital bought 468,729 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $12.77 per share, for a total transaction of $5,985,669.33. Following the completion of the transaction, the insider now directly owns 35,216,510 shares in the company, valued at approximately $449,714,832.70. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Glenmede Trust Co. NA lifted its position in Talos Energy by 24.3% during the third quarter. Glenmede Trust Co. NA now owns 793,633 shares of the company’s stock worth $13,047,000 after buying an additional 155,215 shares in the last quarter. Zweig DiMenna Associates LLC lifted its position in Talos Energy by 27.2% during the third quarter. Zweig DiMenna Associates LLC now owns 1,538,897 shares of the company’s stock worth $25,299,000 after buying an additional 329,275 shares in the last quarter. Trexquant Investment LP purchased a new position in Talos Energy during the third quarter worth approximately $1,850,000. Assenagon Asset Management S.A. purchased a new position in Talos Energy during the third quarter worth approximately $1,168,000. Finally, Illinois Municipal Retirement Fund purchased a new position in Talos Energy during the third quarter worth approximately $1,029,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Down 6.0 %

Shares of TALO stock opened at $13.18 on Wednesday. The stock’s 50-day simple moving average is $13.47 and its 200-day simple moving average is $13.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $2.42 billion, a PE ratio of 8.14 and a beta of 2.01. Talos Energy has a fifty-two week low of $10.69 and a fifty-two week high of $17.59.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.26). The firm had revenue of $384.96 million during the quarter, compared to analyst estimates of $386.90 million. Talos Energy had a net margin of 12.85% and a return on equity of 0.76%. Equities analysts expect that Talos Energy will post -0.04 earnings per share for the current 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.