Talos Energy Inc. (NYSE:TALO) Receives $18.50 Consensus Price Target from Brokerages

Talos Energy Inc. (NYSE:TALO) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $18.50.

A number of equities research analysts have recently commented on TALO shares. Zacks Research raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Mizuho lifted their price target on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Citigroup dropped their price objective on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Finally, Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $16.00 to $17.00 in a report on Wednesday, July 1st.

Talos Energy Stock Performance

Shares of NYSE TALO opened at $16.84 on Friday. The company has a market cap of $2.81 billion, a PE ratio of -7.08 and a beta of 0.36. Talos Energy has a 12 month low of $8.87 and a 12 month high of $18.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The company has a 50-day simple moving average of $15.14 and a 200-day simple moving average of $14.78.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business had revenue of $664.81 million for the quarter, compared to the consensus estimate of $577.92 million. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, equities analysts anticipate that Talos Energy will post 1.21 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider William S. Moss III sold 120,000 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $17.32, for a total transaction of $2,078,400.00. Following the completion of the sale, the insider directly owned 305,117 shares in the company, valued at $5,284,626.44. This represents a 28.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John B. Spath sold 90,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $16.90, for a total value of $1,521,000.00. Following the completion of the transaction, the insider directly owned 178,788 shares in the company, valued at $3,021,517.20. This trade represents a 33.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 271,307 shares of company stock valued at $4,625,679 over the last quarter. Company insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

Several hedge funds and other institutional investors have recently modified their holdings of TALO. BlackRock Inc. purchased a new position in Talos Energy in the second quarter valued at approximately $256,801,000. Sourcerock Group LLC grew its stake in Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after buying an additional 1,110,685 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Talos Energy by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock worth $149,234,000 after acquiring an additional 501,552 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Talos Energy in the second quarter worth $51,874,000. Finally, Geode Capital Management LLC raised its stake in shares of Talos Energy by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock valued at $33,682,000 after acquiring an additional 141,518 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Company Profile

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.