Talos Energy Inc. (NYSE:TALO) Receives $20.17 Average Target Price from Brokerages

Shares of Talos Energy Inc. (NYSE:TALO) have been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $20.31.

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target for the company. Benchmark restated a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Thursday, August 8th. Stifel Nicolaus upped their price target on Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. KeyCorp increased their price objective on Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, Stephens restated an “overweight” rating and set a $24.00 target price on shares of Talos Energy in a report on Wednesday, July 10th.

Talos Energy Price Performance

Shares of Talos Energy stock opened at $11.95 on Friday. The business has a 50 day moving average of $11.44 and a 200 day moving average of $12.40. Talos Energy has a 52 week low of $9.81 and a 52 week high of $17.59. The company has a market cap of $2.15 billion, a PE ratio of 170.64 and a beta of 1.95. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.16. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The business had revenue of $549.17 million for the quarter, compared to the consensus estimate of $516.61 million. During the same period in the previous year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 49.6% compared to the same quarter last year. As a group, equities research analysts forecast that Talos Energy will post -0.35 earnings per share for the current year.

Insider Transactions at Talos Energy

In related news, insider Control Empresarial De Capital purchased 343,000 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $9.99 per share, with a total value of $3,426,570.00. Following the transaction, the insider now directly owns 39,488,904 shares in the company, valued at $394,494,150.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have purchased 1,549,000 shares of company stock valued at $17,058,070. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System bought a new stake in shares of Talos Energy in the 4th quarter worth $716,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Talos Energy by 36.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,534 shares of the company’s stock valued at $449,000 after buying an additional 8,386 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in Talos Energy by 8.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 67,650 shares of the company’s stock worth $963,000 after buying an additional 5,048 shares in the last quarter. South Dakota Investment Council raised its position in Talos Energy by 4.6% in the 4th quarter. South Dakota Investment Council now owns 573,043 shares of the company’s stock worth $8,154,000 after buying an additional 25,100 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in Talos Energy by 25.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 181,473 shares of the company’s stock valued at $2,582,000 after acquiring an additional 36,890 shares during the period. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.