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

Shares of Talos Energy Inc. (NYSE:TALO) have received a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $21.19.

Several equities analysts have recently weighed in on TALO shares. TheStreet downgraded shares of Talos Energy from a “b-” rating to a “c+” rating in a research note on Tuesday, March 19th. KeyCorp lifted their target price on shares of Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Citigroup started coverage on shares of Talos Energy in a research note on Friday, March 22nd. They issued a “buy” rating and a $16.50 target price for the company. Stephens reiterated an “overweight” rating and issued a $26.00 target price on shares of Talos Energy in a research note on Monday, April 22nd. Finally, Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Friday, April 12th.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital purchased 468,729 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was acquired at an average price of $12.77 per share, with a total value of $5,985,669.33. Following the purchase, the insider now directly owns 35,216,510 shares in the company, valued at $449,714,832.70. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Talos Energy in the 3rd quarter worth approximately $615,000. Zweig DiMenna Associates LLC raised its holdings in Talos Energy by 27.2% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 1,538,897 shares of the company’s stock valued at $25,299,000 after buying an additional 329,275 shares during the last quarter. Keating Investment Counselors Inc. raised its holdings in Talos Energy by 50.6% during the 3rd quarter. Keating Investment Counselors Inc. now owns 191,290 shares of the company’s stock valued at $3,145,000 after buying an additional 64,265 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Talos Energy by 25.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,148 shares of the company’s stock valued at $381,000 after buying an additional 4,659 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Talos Energy by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 89,892 shares of the company’s stock valued at $1,478,000 after buying an additional 5,887 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Performance

Shares of TALO stock opened at $13.26 on Wednesday. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 8.19 and a beta of 1.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.73. Talos Energy has a 52 week low of $10.69 and a 52 week high of $17.59. The firm’s 50-day simple moving average is $13.47 and its two-hundred day simple moving average is $13.67.

Talos Energy (NYSE:TALO) last posted its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.26). The business had revenue of $384.96 million during the quarter, compared to analysts’ expectations of $386.90 million. Talos Energy had a return on equity of 0.76% and a net margin of 12.85%. As a group, equities analysts forecast that Talos Energy will post -0.04 earnings per share for the current 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.