Brokerages Set Talos Energy Inc. (NYSE:TALO) Target Price at $18.83

Shares of Talos Energy Inc. (NYSE:TALO) have received an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.8333.

A number of research firms recently commented on TALO. JPMorgan Chase & Co. upped their price objective on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Weiss Ratings lowered Talos Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Citigroup upped their price target on Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Mizuho increased their price target on shares of Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st.

Insider Activity

In other news, insider Control Empresarial De Capital sold 339,568 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were 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 owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. The trade was a 0.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. acquired a new stake in shares of Talos Energy during the second quarter worth about $3,295,000. Bank of America Corp DE raised its holdings in Talos Energy by 9.5% during the 1st quarter. Bank of America Corp DE now owns 578,751 shares of the company’s stock worth $9,121,000 after buying an additional 50,084 shares during the period. Edgestream Partners L.P. lifted its stake in Talos Energy by 185.0% in the first quarter. Edgestream Partners L.P. now owns 399,501 shares of the company’s stock valued at $6,296,000 after buying an additional 259,321 shares in the last quarter. Amundi boosted its holdings in shares of Talos Energy by 136.6% in the first quarter. Amundi now owns 56,977 shares of the company’s stock valued at $898,000 after buying an additional 32,899 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Talos Energy by 28.8% in the first quarter. California State Teachers Retirement System now owns 160,442 shares of the company’s stock valued at $2,529,000 after buying an additional 35,870 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Trading Up 0.8%

Shares of NYSE TALO opened at $14.10 on Friday. Talos Energy has a fifty-two week low of $7.67 and a fifty-two week high of $17.05. The firm has a market capitalization of $2.35 billion, a P/E ratio of -3.27 and a beta of 0.34. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 1.20. The company’s 50 day simple moving average is $14.55 and its 200 day simple moving average is $13.77.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. The firm had revenue of $472.31 million during the quarter, compared to analyst estimates of $446.39 million. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. On average, analysts predict that Talos Energy will post 0.38 EPS for the current year.

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.