Talos Energy Inc. (NYSE:TALO) Receives Average Rating of “Moderate Buy” from Analysts

Talos Energy Inc. (NYSE:TALO) has received an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $14.4286.

Several research firms have recently weighed in on TALO. Weiss Ratings reiterated a “sell (e+)” rating on shares of Talos Energy in a research note on Wednesday, October 8th. Wall Street Zen lowered Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Mizuho restated a “neutral” rating and set a $11.00 price target on shares of Talos Energy in a research report on Monday, September 15th.

Talos Energy Price Performance

NYSE TALO opened at $9.82 on Friday. Talos Energy has a twelve month low of $6.23 and a twelve month high of $12.71. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $1.71 billion, a PE ratio of -10.12 and a beta of 0.74. The stock has a 50-day simple moving average of $9.63 and a 200 day simple moving average of $8.75.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Friday, January 6th. The company reported $0.45 earnings per share (EPS) for the quarter. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The firm had revenue of $382.96 million for the quarter. Research analysts anticipate that Talos Energy will post -0.44 EPS for the current year.

Insider Transactions at Talos Energy

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of the company’s 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 filing with the SEC, which is available at this link. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Talos Energy

Several hedge funds have recently added to or reduced their stakes in TALO. Sourcerock Group LLC increased its holdings in Talos Energy by 11.0% during the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. Vanguard Group Inc. increased its holdings in Talos Energy by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 9,992,530 shares of the company’s stock worth $97,127,000 after purchasing an additional 58,165 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Talos Energy by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 5,310,496 shares of the company’s stock valued at $45,033,000 after acquiring an additional 449,377 shares in the last quarter. Philosophy Capital Management LLC grew its holdings in shares of Talos Energy by 11.5% in the 1st quarter. Philosophy Capital Management LLC now owns 4,251,212 shares of the company’s stock valued at $41,322,000 after acquiring an additional 437,788 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Talos Energy by 11.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,330,304 shares of the company’s stock valued at $22,651,000 after acquiring an additional 230,119 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

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.