Talos Energy Inc. (NYSE:TALO) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Talos Energy Inc. (NYSE:TALO - Get Free Report) have earned an average rating of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $18.65.

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Talos Energy from $14.00 to $13.00 and set a "market perform" rating on the stock in a research note on Friday, October 4th. Mizuho initiated coverage on shares of Talos Energy in a research report on Thursday, September 19th. They issued an "outperform" rating and a $16.00 target price for the company. The Goldman Sachs Group began coverage on Talos Energy in a research note on Monday, July 22nd. They set a "buy" rating and a $14.00 price target for the company. Stephens restated an "overweight" rating and issued a $24.00 target price on shares of Talos Energy in a research report on Wednesday, July 10th. Finally, Benchmark reiterated a "buy" rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Friday, September 27th.

Talos Energy Price Performance

Shares of TALO stock traded down $0.27 during trading hours on Wednesday, reaching $9.46. The stock had a trading volume of 348,190 shares, compared to its average volume of 2,127,537. The stock's fifty day simple moving average is $11.01 and its 200 day simple moving average is $11.67. The firm has a market capitalization of $1.70 billion, a PE ratio of 324.33 and a beta of 1.93. Talos Energy has a 12 month low of $9.44 and a 12 month high of $15.92. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.16. The company had revenue of $549.17 million for the quarter, compared to the consensus estimate of $516.61 million. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The firm's revenue was up 49.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. On average, equities research analysts predict that Talos Energy will post -0.14 EPS for the current year.

Insider Activity at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital purchased 306,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of $11.50 per share, with a total value of $3,519,000.00. Following the transaction, the insider now directly owns 38,528,904 shares in the company, valued at approximately $443,082,396. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have bought 2,119,000 shares of company stock worth $22,931,130 over the last ninety days. 0.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Talos Energy

Several large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its holdings in shares of Talos Energy by 76.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 109,700 shares of the company's stock valued at $1,135,000 after buying an additional 47,595 shares during the period. Everence Capital Management Inc. boosted its holdings in shares of Talos Energy by 8.6% in the third quarter. Everence Capital Management Inc. now owns 22,050 shares of the company's stock worth $228,000 after buying an additional 1,740 shares during the last quarter. Regent Peak Wealth Advisors LLC bought a new stake in Talos Energy during the third quarter valued at approximately $118,000. Creative Planning boosted its stake in shares of Talos Energy by 132.3% during the 3rd quarter. Creative Planning now owns 67,563 shares of the company's stock worth $699,000 after acquiring an additional 38,480 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Talos Energy by 26.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 80,571 shares of the company's stock valued at $979,000 after buying an additional 17,004 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

Talos Energy Company Profile

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.