Brokerages Set Talos Energy Inc. (NYSE:TALO) Target Price at $18.50

Talos Energy Inc. (NYSE:TALO) has been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $18.50.

TALO has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday. JPMorgan Chase & Co. raised their price target on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Mizuho boosted their price target on Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st. Finally, Citigroup reduced their target price on Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, July 20th.

Insider Buying and Selling at Talos Energy

In other news, insider Control Empresarial De Capital sold 339,568 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total value of $5,704,742.40. Following the completion of the transaction, the insider directly owned 40,460,036 shares in the company, valued at $679,728,604.80. This trade represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Talos Energy during the 2nd quarter valued at about $256,801,000. Deutsche Bank AG acquired a new stake in shares of Talos Energy in the second quarter valued at about $2,386,000. Bank of New York Mellon Corp purchased a new stake in Talos Energy during the 2nd quarter worth approximately $9,297,000. State of Wyoming purchased a new stake in shares of Talos Energy during the second quarter worth approximately $227,000. Finally, Summit Global Investments purchased a new stake in shares of Talos Energy during the second quarter worth $580,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Price Performance

TALO opened at $14.37 on Tuesday. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -6.04 and a beta of 0.35. Talos Energy has a 12-month low of $7.72 and a 12-month high of $17.05. The company has a current ratio of 1.61, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $14.24 and its 200-day simple moving average is $14.14.

Talos Energy (NYSE:TALO) last announced its earnings results 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. The business had revenue of $664.81 million for the quarter, compared to analysts’ expectations of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The business’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.27) EPS. On average, equities research analysts anticipate that Talos Energy will post 0.48 earnings per share for the current fiscal year.

About Talos Energy

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.