Talos Energy Inc. (NYSE:TALO) Given Consensus Rating of “Buy” by Brokerages

Shares of Talos Energy Inc. (NYSE:TALO – Get Rating) have been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $20.28.

Several brokerages have recently weighed in on TALO. KeyCorp lifted their target price on shares of Talos Energy from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Tuesday, April 19th. TheStreet upgraded shares of Talos Energy from a “d” rating to a “c” rating in a research report on Friday, February 25th. Stephens began coverage on shares of Talos Energy in a research report on Wednesday, April 13th. They set an “overweight” rating and a $28.00 target price on the stock. Zacks Investment Research upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, April 13th. Finally, Roth Capital boosted their price target on shares of Talos Energy from $18.00 to $23.00 in a research report on Friday, April 22nd.

In other news, Director Riverstone Energy Partners V, sold 4,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $17.41, for a total transaction of $69,640,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Riverstone Holdings Llc sold 35,281 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $19.06, for a total transaction of $672,455.86. Following the transaction, the director now owns 14,437,196 shares in the company, valued at $275,172,955.76. The disclosure for this sale can be found here. Insiders have sold 5,005,911 shares of company stock worth $89,534,545 over the last quarter. 0.79% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP raised its stake in shares of Talos Energy by 73.8% during the fourth quarter. First Trust Advisors LP now owns 270,886 shares of the company’s stock worth $2,655,000 after buying an additional 114,998 shares during the last quarter. Kestra Advisory Services LLC increased its stake in Talos Energy by 33.3% in the fourth quarter. Kestra Advisory Services LLC now owns 25,068 shares of the company’s stock valued at $246,000 after purchasing an additional 6,268 shares in the last quarter. Rafferty Asset Management LLC increased its stake in Talos Energy by 120.9% in the fourth quarter. Rafferty Asset Management LLC now owns 250,634 shares of the company’s stock valued at $2,456,000 after purchasing an additional 137,195 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Talos Energy by 139.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 229,860 shares of the company’s stock valued at $3,165,000 after purchasing an additional 133,760 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Talos Energy by 54.6% in the third quarter. Squarepoint Ops LLC now owns 40,339 shares of the company’s stock valued at $555,000 after purchasing an additional 14,249 shares in the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

NYSE:TALO opened at $20.52 on Wednesday. The firm’s 50-day moving average is $18.01 and its 200-day moving average is $13.84. Talos Energy has a 52-week low of $8.57 and a 52-week high of $21.37. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -13.07 and a beta of 2.29.

Talos Energy (NYSE:TALO – Get Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.21. Talos Energy had a negative net margin of 9.19% and a positive return on equity of 12.33%. The company had revenue of $382.96 million for the quarter, compared to the consensus estimate of $317.10 million. Equities analysts predict that Talos Energy will post 3.75 EPS for the current year.

About Talos Energy (Get Rating)

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2021, the company had proved reserves of 161.59 million barrels of oil equivalent, consisting of 107,764 thousand barrels of crude oil, 236,353 million cubic feet of natural gas, and 14,435 thousand barrels of crude oil.

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