Talos Energy Inc. (NYSE:TALO) Receives $18.50 Consensus PT from Analysts

Shares of Talos Energy Inc. (NYSE:TALO) have been assigned an average rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $18.50.

TALO has been the topic of several research analyst reports. Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Wall Street Zen lowered shares of Talos Energy from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Citigroup reduced their target price on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, July 20th. JPMorgan Chase & Co. lifted their target price on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Mizuho boosted their price target on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th.

Talos Energy Trading Down 1.0%

Shares of Talos Energy stock opened at $14.04 on Tuesday. Talos Energy has a 1 year low of $7.71 and a 1 year high of $17.05. The company’s fifty day simple moving average is $14.25 and its 200-day simple moving average is $14.14. The company has a market cap of $2.34 billion, a price-to-earnings ratio of -5.90 and a beta of 0.35. The company has a current ratio of 1.61, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The firm had revenue of $664.81 million during the quarter, compared to analysts’ expectations of $577.92 million. During the same period in the prior year, the company earned ($0.27) EPS. The business’s quarterly revenue was up 56.5% compared to the same quarter last year. As a group, sell-side analysts expect that Talos Energy will post 0.48 EPS for the current year.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital sold 339,568 shares of Talos Energy stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the sale, the insider owned 40,460,036 shares of the company’s stock, valued at approximately $679,728,604.80. This trade represents a 0.83% 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. Corporate insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TALO. Bank of New York Mellon Corp bought a new position in Talos Energy in the second quarter worth $9,297,000. State of Wyoming bought a new stake in Talos Energy in the 2nd quarter valued at $227,000. Summit Global Investments bought a new stake in Talos Energy in the 2nd quarter valued at $580,000. Assenagon Asset Management S.A. acquired a new position in shares of Talos Energy in the 2nd quarter valued at $3,295,000. Finally, Bank of America Corp DE raised its stake in shares of Talos Energy by 9.5% in the 1st quarter. Bank of America Corp DE now owns 578,751 shares of the company’s stock valued at $9,121,000 after buying an additional 50,084 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.