Talos Energy Inc. (NYSE:TALO) Receives $21.19 Consensus PT from Brokerages

Talos Energy Inc. (NYSE:TALO) has been assigned an average recommendation of “Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued a report on the stock in the last year is $21.19.

Several brokerages have commented on TALO. Citigroup began coverage on shares of Talos Energy in a report on Friday, March 22nd. They issued a “buy” rating and a $16.50 price target for the company. KeyCorp lifted their price target on shares of Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. TheStreet downgraded Talos Energy from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. Stephens reiterated an “overweight” rating and issued a $26.00 price objective on shares of Talos Energy in a report on Monday, April 22nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a report on Friday, April 12th.

Insider Activity

In other news, insider Control Empresarial De Capital acquired 468,729 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was acquired at an average price of $12.77 per share, with a total value of $5,985,669.33. Following the completion of the purchase, the insider now directly owns 35,216,510 shares in the company, valued at $449,714,832.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of Talos Energy

Hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its position in Talos Energy by 44.3% during the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after acquiring an additional 1,731 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Talos Energy by 13.2% during the third quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock valued at $127,000 after purchasing an additional 903 shares during the period. Norden Group LLC purchased a new stake in Talos Energy in the first quarter valued at $147,000. Stonegate Investment Group LLC purchased a new position in shares of Talos Energy during the 1st quarter valued at about $261,000. Finally, Laurion Capital Management LP acquired a new position in Talos Energy in the third quarter valued at approximately $268,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Price Performance

Talos Energy stock opened at $13.25 on Wednesday. The stock’s 50 day moving average is $13.47 and its 200 day moving average is $13.72. Talos Energy has a one year low of $10.69 and a one year high of $17.59. The firm has a market cap of $2.44 billion, a P/E ratio of 8.15 and a beta of 1.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.73.

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

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.