Talos Energy Inc. (NYSE:TALO) Receives Consensus Rating of "Moderate Buy" 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 assigned an average rating of "Moderate Buy" from the eight research firms that are presently covering the firm, MarketBeat.com 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 target price among brokerages that have issued a report on the stock in the last year is $14.25.

TALO has been the subject of a number of research analyst reports. Capital One Financial initiated coverage on Talos Energy in a research report on Monday, June 16th. They issued an "overweight" rating and a $14.00 price target for the company. Wall Street Zen cut Talos Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th.

Insider Activity at Talos Energy

In related news, Director Paula R. Glover sold 6,159 shares of the stock in a transaction on 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 at this hyperlink. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Talos Energy

A number of large investors have recently made changes to their positions in the stock. Virtus Fixed Income Advisers LLC acquired a new stake in Talos Energy in the 2nd quarter worth about $25,000. GAMMA Investing LLC boosted its stake in Talos Energy by 360.9% in the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock worth $31,000 after buying an additional 2,501 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Talos Energy by 134.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company's stock worth $32,000 after buying an additional 2,123 shares during the last quarter. CWM LLC boosted its stake in Talos Energy by 186.3% in the 2nd quarter. CWM LLC now owns 6,027 shares of the company's stock worth $51,000 after buying an additional 3,922 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in Talos Energy by 2,601.0% in the 1st quarter. Parallel Advisors LLC now owns 5,321 shares of the company's stock worth $52,000 after buying an additional 5,124 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.

Talos Energy Trading Down 1.3%

Shares of TALO stock opened at $9.63 on Friday. Talos Energy has a fifty-two week low of $6.23 and a fifty-two week high of $12.71. The stock has a market cap of $1.68 billion, a P/E ratio of -9.93 and a beta of 0.80. The business has a fifty day simple moving average of $8.85 and a 200-day simple moving average of $8.45. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $443.53 million. During the same quarter last year, the business posted $0.03 earnings per share. The business's revenue for the quarter was down 22.7% on a year-over-year basis. On average, analysts forecast that Talos Energy will post -0.44 earnings per share for the current fiscal year.

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.

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