Brokerages Set Talos Energy Inc. (NYSE:TALO) PT at $14.25

Key Points

• Talos Energy Inc. has received a consensus rating of "Moderate Buy" from research firms, with six analysts recommending a buy and two suggesting a hold.
• The average 12-month price target for Talos Energy is set at $14.25, while recent analyst updates have seen price targets range from $11.00 to $12.00.
• Institutional investors own 89.35% of Talos Energy's stock, indicating strong interest from larger entities in the company.

Talos Energy Inc. (NYSE:TALO - Get Free Report) has earned an average rating of "Moderate Buy" from the eight research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $14.25.

A number of brokerages recently commented on TALO. KeyCorp dropped their target price on Talos Energy from $16.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Mizuho lowered their price objective on Talos Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Finally, Capital One Financial started coverage on Talos Energy in a research report on Monday, June 16th. They issued an "overweight" rating and a $14.00 price objective on the stock.

Talos Energy Stock Down 0.9%

Shares of TALO stock traded down $0.08 during trading hours on Friday, reaching $8.80. 3,515,819 shares of the company's stock were exchanged, compared to its average volume of 2,557,011. The stock's fifty day moving average price is $8.57 and its two-hundred day moving average price is $8.67. The stock has a market cap of $1.56 billion, a PE ratio of 58.69 and a beta of 0.71. Talos Energy has a 1 year low of $6.23 and a 1 year high of $12.71. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Comerica Bank increased its stake in shares of Talos Energy by 3.0% in the 1st quarter. Comerica Bank now owns 44,471 shares of the company's stock worth $432,000 after acquiring an additional 1,298 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Talos Energy by 1.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,413 shares of the company's stock valued at $800,000 after buying an additional 1,403 shares during the period. Aquatic Capital Management LLC boosted its stake in shares of Talos Energy by 2.9% in the 4th quarter. Aquatic Capital Management LLC now owns 60,696 shares of the company's stock valued at $589,000 after buying an additional 1,696 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Talos Energy by 2.5% in the 4th quarter. MetLife Investment Management LLC now owns 87,672 shares of the company's stock valued at $851,000 after buying an additional 2,167 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Talos Energy by 360.9% in the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock valued at $31,000 after buying an additional 2,501 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Company Profile

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.