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

Shares of Talos Energy Inc. (NYSE:TALO) have been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $14.25.

Several equities analysts recently commented on the company. Capital One Financial began coverage on Talos Energy in a report on Monday, June 16th. They issued an “overweight” rating and a $14.00 target price on the stock. KeyCorp lowered their price objective on Talos Energy from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Wall Street Zen downgraded Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Mizuho decreased their target price on Talos Energy from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, May 13th.

Institutional Trading of Talos Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in Talos Energy by 24.7% during the fourth quarter. Wells Fargo & Company MN now owns 86,241 shares of the company’s stock worth $837,000 after buying an additional 17,100 shares during the period. Invesco Ltd. increased its holdings in shares of Talos Energy by 2.7% in the 4th quarter. Invesco Ltd. now owns 1,121,556 shares of the company’s stock valued at $10,890,000 after acquiring an additional 29,708 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Talos Energy by 28.2% in the 4th quarter. Renaissance Technologies LLC now owns 201,500 shares of the company’s stock valued at $1,957,000 after acquiring an additional 44,315 shares during the period. Sterling Capital Management LLC raised its position in Talos Energy by 787.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock valued at $44,000 after purchasing an additional 4,053 shares during the last quarter. Finally, Barclays PLC boosted its stake in Talos Energy by 31.3% during the 4th quarter. Barclays PLC now owns 1,541,088 shares of the company’s stock worth $14,965,000 after purchasing an additional 367,323 shares during the period. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Stock Performance

Shares of Talos Energy stock opened at $8.35 on Tuesday. The business has a 50-day simple moving average of $8.62 and a 200-day simple moving average of $8.42. 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 one year low of $6.23 and a one year high of $12.71. The company has a market cap of $1.46 billion, a PE ratio of -8.60 and a beta of 0.81.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The company had revenue of $424.72 million during the quarter, compared to the consensus estimate of $443.53 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The firm’s quarterly revenue was down 22.7% on a year-over-year basis. On average, equities research analysts forecast that Talos Energy will post -0.44 EPS for the current fiscal year.

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.