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

Shares of Talos Energy Inc. (NYSE:TALO) have earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $16.28.

A number of research analysts have recently issued reports on TALO shares. KeyCorp dropped 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. BMO Capital Markets cut their price target on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Benchmark reiterated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Tuesday, November 12th. JPMorgan Chase & Co. began coverage on shares of Talos Energy in a report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target for the company. Finally, Citigroup increased their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th.

Institutional Investors Weigh In On Talos Energy

Several institutional investors have recently bought and sold shares of TALO. Everence Capital Management Inc. increased 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 buying an additional 1,740 shares during the last quarter. US Bancorp DE increased its position in shares of Talos Energy by 113.3% during the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after acquiring an additional 1,827 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Talos Energy by 13.8% during the second quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock worth $185,000 after acquiring an additional 1,838 shares during the period. Virtus Investment Advisers Inc. purchased a new position in Talos Energy in the third quarter worth $31,000. Finally, Arizona State Retirement System grew its stake in Talos Energy by 8.1% in the 2nd quarter. Arizona State Retirement System now owns 41,188 shares of the company’s stock valued at $500,000 after purchasing an additional 3,078 shares during the period. Institutional investors own 89.35% of the company’s stock.

Talos Energy Price Performance

Talos Energy stock opened at $10.64 on Monday. The stock’s 50 day moving average is $10.49 and its 200 day moving average is $10.94. Talos Energy has a one year low of $8.89 and a one year high of $14.67. The firm has a market cap of $1.91 billion, a P/E ratio of 19.70 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 issued its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The firm had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. As a group, research analysts expect that Talos Energy will post -0.35 EPS 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.