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

Shares of Talos Energy Inc. (NYSE:TALO - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $16.28.

A number of research firms recently commented on TALO. Citigroup lifted their target price on shares of Talos Energy from $12.50 to $14.50 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Benchmark reiterated a "buy" rating and set a $20.00 price objective on shares of Talos Energy in a research note on Tuesday, November 12th. JPMorgan Chase & Co. initiated coverage on Talos Energy in a research report on Thursday, December 5th. They issued a "neutral" rating and a $12.00 target price on the stock. BMO Capital Markets lowered their price target on Talos Energy from $14.00 to $13.00 and set a "market perform" rating for the company in a research report on Friday, October 4th. Finally, Mizuho dropped their price target on Talos Energy from $16.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th.

Institutional Trading of Talos Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its stake in shares of Talos Energy by 1,557.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company's stock worth $22,292,000 after purchasing an additional 1,724,014 shares during the period. Encompass Capital Advisors LLC purchased a new stake in Talos Energy during the second quarter worth $18,832,000. HITE Hedge Asset Management LLC grew its position in Talos Energy by 78.0% during the second quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company's stock valued at $30,939,000 after buying an additional 1,116,241 shares during the period. Bridgewater Associates LP purchased a new position in Talos Energy in the third quarter valued at $8,805,000. Finally, Philosophy Capital Management LLC raised its position in shares of Talos Energy by 37.8% in the third quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company's stock worth $31,728,000 after acquiring an additional 841,414 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Stock Down 2.6 %

Shares of TALO stock traded down $0.26 during trading hours on Monday, reaching $9.92. 2,801,382 shares of the company's stock were exchanged, compared to its average volume of 2,326,794. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 18.37 and a beta of 1.91. Talos Energy has a fifty-two week low of $8.89 and a fifty-two week high of $14.67. The stock's 50 day moving average is $10.50 and its 200-day moving average is $10.97.

Talos Energy (NYSE:TALO - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.07). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The business had revenue of $509.29 million during the quarter, compared to analysts' expectations of $504.44 million. During the same quarter last year, the business posted $0.14 earnings per share. The company's quarterly revenue was up 32.9% compared to the same quarter last year. Analysts predict that Talos Energy will post -0.35 earnings per share for the current fiscal year.

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.