Talos Energy Inc. (NYSE:TALO) Stock Has Consensus Price Target of $19.71

Key Points

• Analysts are divided on Talos Energy: Ten firms give the stock a consensus “Hold” rating—five Buys, four Holds and one Sell—with an average 12-month price target of $19.71.
• Quarterly results beat expectations: Talos reported EPS of $0.58 versus estimates of $0.42 and revenue of $595.99 million versus estimates of $552.17 million; revenue rose 32.4% year over year.
• Insiders have been selling shares: Company insiders sold about 20.2 million shares worth $356.4 million over the last quarter, including a 1.2 million-share sale by Control Empresarial De Capital.

Shares of Talos Energy Inc. (NYSE:TALO - Get Free Report) have been assigned an average recommendation of "Hold" from the ten ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.71.

A number of equities analysts recently issued reports on TALO shares. KeyCorp increased their target price on shares of Talos Energy from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, September 15th. 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. The Goldman Sachs Group restated a "buy" rating and set a $22.00 price target on shares of Talos Energy in a research report on Tuesday, October 27th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Talos Energy in a research note on Tuesday, November 3rd. Finally, Citigroup increased their price objective on shares of Talos Energy from $18.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, October 15th.

Talos Energy Trading Up 3.8%

Shares of TALO stock opened at $15.43 on Thursday. Talos Energy has a 1 year low of $10.15 and a 1 year high of $18.76. The firm has a market capitalization of $2.56 billion, a PE ratio of -6.65 and a beta of 0.45. The stock has a fifty day moving average of $16.96 and a two-hundred day moving average of $15.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.15.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.16. Talos Energy had a positive return on equity of 4.42% and a negative net margin of 18.36%. The company had revenue of $595.99 million for the quarter, compared to analyst estimates of $552.17 million. During the same period last year, the company earned ($0.19) earnings per share. The company's quarterly revenue was up 32.4% compared to the same quarter last year. As a group, research analysts expect that Talos Energy will post 1.66 EPS for the current year.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital sold 1,200,000 shares of the business's stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $18.33, for a total transaction of $21,996,000.00. Following the sale, the insider owned 20,491,414 shares of the company's stock, valued at $375,607,618.62. The trade was a 5.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 20,239,929 shares of company stock worth $356,446,912 over the last quarter. 0.51% of the stock is owned by insiders.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TALO. BlackRock Inc. bought a new stake in shares of Talos Energy in the 2nd quarter worth $256,801,000. Canada Pension Plan Investment Board bought a new position in Talos Energy during the second quarter valued at about $51,874,000. Webs Creek Capital Management LP bought a new position in Talos Energy during the second quarter valued at about $27,039,375. Empowered Funds LLC acquired a new position in Talos Energy during the second quarter worth about $16,280,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Talos Energy during the second quarter worth about $12,875,000. 89.35% of the stock is owned by institutional investors.

Talos Energy Company Profile

Talos Energy is an independent energy company focused on the exploration, development and production of oil and natural gas from offshore properties. Its operations have centered on the U.S. Gulf of Mexico and offshore Mexico. Founded in 2012, Talos became a publicly traded company through its 2018 merger with Stone Energy. The company has expanded its offshore portfolio through acquisitions, including its 2023 acquisition of EnVen Energy. Talos is headquartered in Houston, Texas. Timothy S. Duncan, one of the company's founders, serves as its president and chief executive officer.

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