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

Talos Energy Inc. (NYSE:TALO) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $13.50.

Several analysts have issued reports on the stock. Mizuho reissued a “neutral” rating and issued a $11.00 price objective on shares of Talos Energy in a research note on Monday, September 15th. Wall Street Zen raised shares of Talos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research note on Monday.

Insider Activity

In related news, Director Paula R. Glover sold 6,159 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total value of $59,680.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds have recently modified their holdings of TALO. Virtus Fixed Income Advisers LLC purchased a new position in shares of Talos Energy during the 2nd quarter worth approximately $25,000. Larson Financial Group LLC boosted its position in shares of Talos Energy by 142.9% during the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after buying an additional 1,942 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Talos Energy by 134.4% during the second 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 period. Quarry LP acquired a new stake in shares of Talos Energy in the third quarter valued at $36,000. Finally, CWM LLC lifted its stake in Talos Energy by 186.3% during the 2nd quarter. CWM LLC now owns 6,027 shares of the company’s stock worth $51,000 after acquiring an additional 3,922 shares in the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Talos Energy Stock Performance

NYSE:TALO opened at $11.34 on Thursday. Talos Energy has a 1 year low of $6.23 and a 1 year high of $11.64. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s 50 day simple moving average is $9.93 and its two-hundred day simple moving average is $9.15. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -11.69 and a beta of 0.75.

Talos Energy (NYSE:TALO) last posted its earnings results on Wednesday, November 5th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.23. The firm had revenue of $450.05 million for the quarter, compared to the consensus estimate of $421.73 million. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The business’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.14) EPS. As a group, equities analysts anticipate 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.