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

Key Points

• Analysts give Talos Energy a “Moderate Buy” consensus: Five analysts rate the stock a buy, one a strong buy, three a hold and one a sell. The average 12-month price target is $19.00, compared with a recent share price of $16.10.
• Talos reported stronger-than-expected quarterly results, with EPS of $0.57 versus the $0.36 consensus and revenue of $664.81 million, up 56.5% year over year.
• Insiders have been selling shares: Company insiders sold 1.65 million shares worth approximately $30.2 million over the past 90 days, while institutional investors hold 89.35% of the stock.

Shares of Talos Energy Inc. (NYSE:TALO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $19.00.

A number of equities analysts have commented on TALO shares. Wall Street Zen raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Citigroup decreased their target price on shares of Talos Energy from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Stephens reiterated an "overweight" rating and issued a $20.00 price target on shares of Talos Energy in a research report on Wednesday, July 1st. Zacks Research upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Finally, Roth Capital raised Talos Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st.

Talos Energy Stock Down 2.0%

NYSE TALO opened at $16.10 on Wednesday. The stock's 50-day moving average price is $16.00 and its 200-day moving average price is $15.17. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy has a 52 week low of $8.97 and a 52 week high of $18.73. The company has a market capitalization of $2.69 billion, a P/E ratio of -6.76 and a beta of 0.36.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $577.92 million. During the same period last year, the firm earned ($0.27) EPS. The company's revenue was up 56.5% on a year-over-year basis. On average, equities research analysts predict that Talos Energy will post 1.4 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Gregory Babcock sold 61,307 shares of the firm's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $16.74, for a total value of $1,026,279.18. Following the completion of the sale, the insider owned 84,509 shares in the company, valued at approximately $1,414,680.66. This trade represents a 42.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Moss, III sold 120,000 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $17.32, for a total transaction of $2,078,400.00. Following the completion of the sale, the insider owned 305,117 shares of the company's stock, valued at $5,284,626.44. This trade represents a 28.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,652,307 shares of company stock worth $30,201,799 in the last 90 days. Company insiders own 0.51% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TALO. Larson Financial Group LLC increased its position in Talos Energy by 28.4% during the fourth quarter. Larson Financial Group LLC now owns 4,240 shares of the company's stock worth $47,000 after purchasing an additional 939 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Talos Energy during the second quarter worth about $63,000. iSAM Funds UK Ltd acquired a new position in Talos Energy in the 2nd quarter valued at about $138,000. Corient Private Wealth LP purchased a new stake in shares of Talos Energy in the 2nd quarter valued at approximately $161,000. Finally, Coldstream Capital Management Inc. increased its holdings in shares of Talos Energy by 23.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 15,121 shares of the company's stock worth $167,000 after buying an additional 2,852 shares during the last quarter. Institutional investors own 89.35% of the company's stock.

Talos Energy Company Profile

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company's upstream operations are concentrated in the U.S. Gulf of Mexico, where it owns and operates offshore properties and produces crude oil, natural gas and natural gas liquids.

Talos also operates a low-carbon business focused on carbon capture and sequestration. Through this business, the company evaluates and develops projects designed to capture carbon dioxide from industrial facilities and permanently store it in suitable underground geologic formations, particularly along the U.S.

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