Talos Energy Inc. (NYSE:TALO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Talos Energy Inc. (NYSE:TALO) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $15.33.

TALO has been the subject of several research reports. Mizuho reduced their price objective on shares of Talos Energy from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. reduced their target price on shares of Talos Energy from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Stephens dropped their price target on Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup reduced their price objective on Talos Energy from $14.50 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th.

Talos Energy Trading Up 4.2 %

Shares of Talos Energy stock opened at $7.38 on Wednesday. The business has a fifty day simple moving average of $8.48 and a 200-day simple moving average of $9.71. Talos Energy has a fifty-two week low of $6.23 and a fifty-two week high of $14.07. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 13.66 and a beta of 1.33. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47.

Institutional Trading of Talos Energy

A number of hedge funds have recently modified their holdings of TALO. GAMMA Investing LLC raised its position in Talos Energy by 360.9% during the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock valued at $31,000 after buying an additional 2,501 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Talos Energy by 787.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock valued at $44,000 after purchasing an additional 4,053 shares during the period. Parallel Advisors LLC lifted its position in shares of Talos Energy by 2,601.0% in the first quarter. Parallel Advisors LLC now owns 5,321 shares of the company’s stock worth $52,000 after purchasing an additional 5,124 shares in the last quarter. KBC Group NV boosted its holdings in shares of Talos Energy by 46.1% during the fourth quarter. KBC Group NV now owns 7,970 shares of the company’s stock worth $77,000 after purchasing an additional 2,515 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Talos Energy by 182.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company’s stock valued at $106,000 after purchasing an additional 7,026 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.