Talos Energy Inc. (NYSE:TALO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Talos Energy a “Moderate Buy” consensus, with four buy ratings, one strong-buy, three holds and one sell. The average 12-month price target is $18.50, compared with a recent share price of $16.70.
• Talos reported quarterly EPS of $0.57, beating estimates of $0.36, while revenue reached $664.81 million and rose 56.5% year over year.
• Institutional ownership stands at 89.35%, with several major investors—including UBS Asset Management and JPMorgan—recently increasing their positions.

Shares of Talos Energy Inc. (NYSE:TALO - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $18.50.

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Mizuho boosted their price target on shares of Talos Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 27th. Weiss Ratings lowered shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. Finally, Roth Capital raised Talos Energy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st.

Talos Energy Stock Down 0.2%

Shares of TALO opened at $16.70 on Friday. The firm has a market cap of $2.79 billion, a P/E ratio of -7.02 and a beta of 0.35. The stock has a 50 day simple moving average of $14.80 and a two-hundred day simple moving average of $14.63. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. Talos Energy has a 1 year low of $8.87 and a 1 year high of $18.44.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.21. The business had revenue of $664.81 million for the quarter, compared to analysts' expectations of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business's quarterly revenue was up 56.5% on a year-over-year basis. During the same period last year, the business earned ($0.27) earnings per share. On average, analysts forecast that Talos Energy will post 1.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talos Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Talos Energy by 11.8% during the first quarter. Royal Bank of Canada now owns 28,590 shares of the company's stock valued at $278,000 after acquiring an additional 3,007 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Talos Energy by 152.1% in the 1st quarter. AQR Capital Management LLC now owns 90,915 shares of the company's stock valued at $884,000 after purchasing an additional 54,854 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Talos Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company's stock valued at $838,000 after buying an additional 3,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Talos Energy by 16.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company's stock valued at $21,224,000 after acquiring an additional 304,205 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Talos Energy by 132.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company's stock worth $3,279,000 after purchasing an additional 220,502 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source