Brokerages Set Talos Energy Inc. (NYSE:TALO) PT at $20.19

Talos Energy Inc. (NYSE:TALO - Get Free Report) has been assigned an average recommendation of "Buy" from the eight research firms that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have covered the stock in the last year is $20.19.

TALO has been the subject of several recent analyst reports. KeyCorp cut their price target on Talos Energy from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, January 11th. Benchmark lowered their price objective on Talos Energy from $23.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, January 17th. TheStreet cut Talos Energy from a "b-" rating to a "c+" rating in a report on Tuesday, March 19th. Stifel Nicolaus reiterated a "buy" rating and issued a $17.00 price objective (down from $20.00) on shares of Talos Energy in a report on Friday, March 22nd. Finally, Citigroup assumed coverage on Talos Energy in a report on Friday, March 22nd. They issued a "buy" rating and a $16.50 price objective on the stock.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital acquired 19,658,119 shares of the firm's stock in a transaction that occurred on Wednesday, January 17th. The shares were purchased at an average cost of $11.70 per share, for a total transaction of $229,999,992.30. Following the completion of the acquisition, the insider now owns 34,747,781 shares of the company's stock, valued at approximately $406,549,037.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.79% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA raised its position in Talos Energy by 24.3% in the third quarter. Glenmede Trust Co. NA now owns 793,633 shares of the company's stock valued at $13,047,000 after purchasing an additional 155,215 shares during the period. Zweig DiMenna Associates LLC increased its position in shares of Talos Energy by 27.2% during the third quarter. Zweig DiMenna Associates LLC now owns 1,538,897 shares of the company's stock worth $25,299,000 after acquiring an additional 329,275 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Talos Energy during the third quarter worth $1,168,000. Trexquant Investment LP purchased a new stake in shares of Talos Energy during the third quarter worth $1,850,000. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of Talos Energy during the third quarter worth $1,029,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Price Performance

Shares of Talos Energy stock traded up $0.21 on Friday, hitting $14.33. The company's stock had a trading volume of 1,281,533 shares, compared to its average volume of 1,901,899. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.73. Talos Energy has a 1 year low of $10.69 and a 1 year high of $17.59. The firm has a fifty day moving average price of $13.09 and a 200-day moving average price of $14.00. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 8.85 and a beta of 2.01.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.26). Talos Energy had a net margin of 12.85% and a return on equity of 0.76%. The business had revenue of $384.96 million during the quarter, compared to analysts' expectations of $386.90 million. As a group, sell-side analysts anticipate that Talos Energy will post -0.05 earnings per share for the current fiscal year.

About Talos Energy

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.