Talos Energy Inc. (NYSE:TALO) Stock Has Average Target Price of $19.43

Key Points

• Analysts hold a “Moderate Buy” consensus on Talos Energy, with five buy ratings, one strong-buy, three holds and one sell. The average 12-month price target is $19.43, above the reported $17.73 opening price.
• Talos Energy exceeded quarterly expectations, reporting $0.57 in EPS versus a $0.36 estimate and $664.81 million in revenue versus $577.92 million expected. Revenue increased 56.5% year over year, though the company remained unprofitable.
• Institutional investors own 89.35% of the stock, while insiders sold 11.34 million shares worth approximately $197 million over the past 90 days. BlackRock also established a new position valued at about $256.8 million.

Shares of Talos Energy Inc. (NYSE:TALO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the ten analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $19.43.

TALO has been the subject of several recent analyst reports. Weiss Ratings cut Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. Zacks Research raised Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Stephens reaffirmed an "overweight" rating and set a $20.00 price objective on shares of Talos Energy in a research report on Wednesday, July 1st. Citigroup lifted their price objective on Talos Energy from $18.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Wall Street Zen upgraded shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 8th.

Talos Energy Stock Performance

TALO stock opened at $17.73 on Friday. The stock has a market capitalization of $2.96 billion, a PE ratio of -7.45 and a beta of 0.42. Talos Energy has a 12-month low of $8.97 and a 12-month high of $18.73. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The stock's 50 day simple moving average is $16.85 and its 200 day simple moving average is $15.46.

Talos Energy (NYSE:TALO - Get Free Report) last issued 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. The business had revenue of $664.81 million for the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The company's revenue was up 56.5% compared to the same quarter last year. During the same period last year, the business posted ($0.27) EPS. As a group, research analysts forecast that Talos Energy will post 1.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Talos Energy

In related news, insider Gregory Babcock sold 61,307 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider owned 84,509 shares of the company's stock, valued at approximately $1,414,680.66. This trade represents a 42.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Control Empresarial De Capital sold 265,446 shares of the business's stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $17.30, for a total transaction of $4,592,215.80. Following the sale, the insider owned 29,393,590 shares of the company's stock, valued at $508,509,107. This trade represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,337,753 shares of company stock worth $197,049,515 over the last 90 days. 0.51% of the stock is owned by company insiders.

Institutional Trading of Talos Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Talos Energy during the 2nd quarter worth $256,801,000. Dimensional Fund Advisors LP increased its stake in shares of Talos Energy by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company's stock worth $149,234,000 after purchasing an additional 501,552 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Talos Energy in the 2nd quarter worth $51,874,000. Webs Creek Capital Management LP purchased a new stake in shares of Talos Energy in the 2nd quarter worth $27,039,375. Finally, Empowered Funds LLC raised its holdings in Talos Energy by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,152,594 shares of the company's stock worth $18,165,000 after purchasing an additional 37,689 shares during the period. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Company Profile

Talos Energy Inc is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company focuses on offshore assets in the U.S. Gulf of Mexico, where it operates and holds interests in producing fields and prospective exploration acreage.

Talos uses seismic data, drilling and reservoir-management techniques to identify and develop hydrocarbon resources. Its operations are concentrated in the Gulf of Mexico region, with activities spanning exploration, field development, production and related infrastructure.

Founded in 2012, Talos became a publicly traded company in 2018 through its combination with Stone Energy Corporation.

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