Analysts Set Talos Energy Inc. (NYSE:TALO) Price Target at $15.33

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Shares of Talos Energy Inc. (NYSE:TALO) have earned an average rating of “Buy” from the seven research firms that are currently covering the company, reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $15.33.

Separately, Zacks Investment Research raised shares of Talos Energy from a “sell” rating to a “hold” rating in a report on Thursday, February 18th.

In related news, major shareholder Apollo Management Holdings Gp, sold 156,584 shares of the company’s stock in a transaction on Monday, March 15th. The shares were sold at an average price of $14.32, for a total value of $2,242,282.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.

A number of large investors have recently made changes to their positions in TALO. Public Employees Retirement System of Ohio purchased a new position in Talos Energy in the third quarter worth $61,000. Jane Street Group LLC boosted its position in Talos Energy by 140.0% during the third quarter. Jane Street Group LLC now owns 11,230 shares of the company’s stock valued at $72,000 after buying an additional 39,311 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Talos Energy by 14.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,253 shares of the company’s stock valued at $76,000 after buying an additional 1,153 shares during the period. Sunbelt Securities Inc. purchased a new stake in Talos Energy during the fourth quarter valued at about $82,000. Finally, Citigroup Inc. boosted its position in Talos Energy by 227.6% during the fourth quarter. Citigroup Inc. now owns 10,969 shares of the company’s stock valued at $90,000 after buying an additional 7,621 shares during the period. Institutional investors own 97.73% of the company’s stock.

Shares of TALO stock opened at $11.73 on Friday. The company’s fifty day simple moving average is $12.17 and its two-hundred day simple moving average is $9.20. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.59 and a quick ratio of 0.59. Talos Energy has a 1 year low of $5.39 and a 1 year high of $16.81. The stock has a market capitalization of $958.42 million, a price-to-earnings ratio of -69.00 and a beta of 3.15.

Talos Energy (NYSE:TALO) last issued its earnings results on Tuesday, March 9th. The company reported ($5.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($5.46). Talos Energy had a negative net margin of 5.36% and a positive return on equity of 1.20%. Equities research analysts anticipate that Talos Energy will post -1.05 EPS for the current year.

Talos Energy Company Profile

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2020, the company had proved reserves of 163.0 million barrels of oil equivalent, consisting of 109,307 thousand barrels of crude oil, 257,208 million cubic feet of natural gas, and 10,858 thousand barrels of crude oil.

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Analyst Recommendations for Talos Energy (NYSE:TALO)

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