Talos Energy Inc. (NYSE:TALO) Receives $14.25 Consensus PT from Brokerages

Key Points

• Talos Energy Inc. has a consensus rating of "Moderate Buy" from eight brokerages, with two analysts recommending a hold and six a buy, and an average 12-month target price of $14.25.
• In its latest quarterly earnings, Talos reported a loss of ($0.27) earnings per share, beating analysts' expectations, but its revenue decreased by 22.7% year-over-year.
• Insider activity includes Director Paula R. Glover selling 6,159 shares of stock, while institutional investors own 89.35% of the company’s shares.

Talos Energy Inc. (NYSE:TALO - Get Free Report) has been given an average rating of "Moderate Buy" by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $14.25.

Several analysts recently issued reports on the company. Capital One Financial assumed coverage on Talos Energy in a report on Monday, June 16th. They set an "overweight" rating and a $14.00 price objective for the company. Wall Street Zen lowered Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Mizuho restated a "neutral" rating and set a $11.00 target price on shares of Talos Energy in a report on Monday.

Talos Energy Stock Down 0.3%

Shares of NYSE:TALO traded down $0.03 during midday trading on Friday, hitting $9.52. 1,699,075 shares of the stock were exchanged, compared to its average volume of 2,132,341. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.22. Talos Energy has a 52-week low of $6.23 and a 52-week high of $12.71. The business's fifty day simple moving average is $8.91 and its two-hundred day simple moving average is $8.47. The company has a market capitalization of $1.66 billion, a PE ratio of -9.81 and a beta of 0.80.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.06. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The business had revenue of $424.72 million during the quarter, compared to analyst estimates of $443.53 million. During the same period last year, the company earned $0.03 earnings per share. Talos Energy's quarterly revenue was down 22.7% compared to the same quarter last year. As a group, research analysts predict that Talos Energy will post -0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total transaction of $59,680.71. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Talos Energy

Institutional investors have recently bought and sold shares of the stock. Virtus Fixed Income Advisers LLC bought a new position in Talos Energy during the second quarter valued at about $25,000. GAMMA Investing LLC raised its holdings in Talos Energy by 360.9% during the first 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 in the last quarter. Smartleaf Asset Management LLC raised its holdings in Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company's stock valued at $32,000 after buying an additional 2,123 shares in the last quarter. CWM LLC raised its holdings in Talos Energy by 186.3% during the second quarter. CWM LLC now owns 6,027 shares of the company's stock valued at $51,000 after buying an additional 3,922 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Talos Energy by 2,601.0% during the first quarter. Parallel Advisors LLC now owns 5,321 shares of the company's stock valued at $52,000 after buying an additional 5,124 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

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.