Talos Energy Inc (TALO) Given Consensus Rating of “Buy” by Brokerages

Shares of Talos Energy Inc (NYSE:TALO) have received a consensus rating of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $42.00.

TALO has been the topic of a number of recent analyst reports. Zacks Investment Research raised Talos Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 9th. Guggenheim initiated coverage on Talos Energy in a research report on Monday, February 11th. They set a “buy” rating and a $38.00 price target on the stock. ValuEngine raised Talos Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Stephens set a $34.00 price target on Talos Energy and gave the stock a “buy” rating in a research report on Tuesday, March 19th.

TALO traded down $0.23 on Monday, hitting $28.31. 108,893 shares of the company were exchanged, compared to its average volume of 259,350. Talos Energy has a 12 month low of $14.60 and a 12 month high of $37.64. The firm has a market capitalization of $1.55 billion, a PE ratio of 10.64 and a beta of 1.60.

Talos Energy (NYSE:TALO) last released its earnings results on Wednesday, March 13th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.31. Talos Energy had a return on equity of 5.25% and a net margin of 31.78%. The business had revenue of $258.66 million for the quarter, compared to analyst estimates of $230.13 million. On average, equities research analysts anticipate that Talos Energy will post 2.04 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC increased its position in Talos Energy by 3.5% during the third quarter. Teachers Advisors LLC now owns 39,373 shares of the company’s stock worth $1,292,000 after buying an additional 1,314 shares during the last quarter. Royce & Associates LP increased its position in Talos Energy by 0.3% during the fourth quarter. Royce & Associates LP now owns 700,138 shares of the company’s stock worth $11,426,000 after buying an additional 1,959 shares during the last quarter. Northern Trust Corp increased its position in Talos Energy by 1.1% during the fourth quarter. Northern Trust Corp now owns 257,117 shares of the company’s stock worth $4,196,000 after buying an additional 2,828 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in Talos Energy by 352.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,403 shares of the company’s stock worth $121,000 after buying an additional 5,765 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Talos Energy by 0.7% during the third quarter. Vanguard Group Inc. now owns 1,038,064 shares of the company’s stock worth $30,764,000 after buying an additional 7,013 shares during the last quarter. 98.21% of the stock is currently owned by hedge funds and other institutional investors.

About Talos Energy

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.

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Analyst Recommendations for Talos Energy (NYSE:TALO)

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