Talos Energy Inc. (NYSE:TALO) Stock Has Consensus Target Price of $19.43

Talos Energy Inc. (NYSE:TALO) has been assigned an average rating of “Hold” from the ten analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.43.

A number of equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Zacks Research lowered Talos Energy from a “strong-buy” rating to a “hold” rating in a report on Monday. Weiss Ratings downgraded shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. KeyCorp boosted their target price on shares of Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 15th. Finally, Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $16.00 to $17.00 in a report on Wednesday, July 1st.

Talos Energy Stock Down 2.3%

NYSE:TALO opened at $17.66 on Friday. The business’s fifty day moving average price is $17.04 and its 200 day moving average price is $15.53. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of -7.42 and a beta of 0.42. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy has a 1-year low of $9.35 and a 1-year high of $18.73.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The company had revenue of $664.81 million for the quarter, compared to analysts’ expectations of $577.92 million. During the same quarter in the previous year, the business posted ($0.27) EPS. The business’s revenue for the quarter was up 56.5% on a year-over-year basis. On average, sell-side analysts forecast that Talos Energy will post 1.58 earnings per share for the current fiscal year.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital sold 2,141,590 shares of Talos Energy stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $18.01, for a total transaction of $38,570,035.90. Following the sale, the insider owned 24,500,000 shares of the company’s stock, valued at approximately $441,245,000. This trade represents a 8.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 16,231,343 shares of company stock valued at $282,917,071. 0.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Talos Energy

Several institutional investors and hedge funds have recently bought and sold shares of TALO. Fifth Third Wealth Advisors LLC bought a new position in shares of Talos Energy during the third quarter valued at $383,000. Nisa Investment Advisors LLC grew its position in Talos Energy by 57.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company’s stock worth $136,000 after acquiring an additional 3,053 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Talos Energy during the 3rd quarter valued at $9,513,000. Fortitude Family Office LLC raised its position in Talos Energy by 8,502.0% in the 3rd quarter. Fortitude Family Office LLC now owns 4,387 shares of the company’s stock valued at $72,000 after purchasing an additional 4,336 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Talos Energy by 317.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock valued at $148,000 after purchasing an additional 6,885 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.