Talos Energy Inc. (NYSE:TALO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Talos Energy Inc. (NYSE:TALO) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $14.25.

Several equities research analysts have recently commented on TALO shares. JPMorgan Chase & Co. decreased their price objective on Talos Energy from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. KeyCorp decreased their price target on Talos Energy from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Stephens decreased their price target on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Mizuho decreased their price target on Talos Energy from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, May 13th. Finally, Citigroup decreased their price target on Talos Energy from $14.50 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 4th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in Talos Energy by 360.9% in the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock worth $31,000 after purchasing an additional 2,501 shares during the last quarter. Sterling Capital Management LLC boosted its position in Talos Energy by 787.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock worth $44,000 after purchasing an additional 4,053 shares during the last quarter. Parallel Advisors LLC boosted its position in Talos Energy by 2,601.0% in the first quarter. Parallel Advisors LLC now owns 5,321 shares of the company’s stock worth $52,000 after purchasing an additional 5,124 shares during the last quarter. Signaturefd LLC boosted its position in Talos Energy by 571.3% in the first quarter. Signaturefd LLC now owns 5,612 shares of the company’s stock worth $55,000 after purchasing an additional 4,776 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Talos Energy in the first quarter worth $65,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Trading Down 3.1%

NYSE TALO opened at $8.16 on Thursday. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 15.11 and a beta of 0.65. Talos Energy has a 52 week low of $6.23 and a 52 week high of $12.71. The business has a 50 day moving average price of $7.73 and a 200-day moving average price of $9.07. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47.

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.