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

Shares of Talos Energy Inc. (NYSE:TALO) have been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $19.00.

A number of research firms have recently issued reports on TALO. The Goldman Sachs Group restated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research note on Monday, September 7th. Stephens reissued an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a report on Wednesday, July 1st. Weiss Ratings downgraded shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Citigroup reduced their price objective on Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th.

Insider Buying and Selling at Talos Energy

In other news, insider John Spath sold 90,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $16.90, for a total transaction of $1,521,000.00. Following the sale, the insider directly owned 178,788 shares of the company’s stock, valued at approximately $3,021,517.20. This represents a 33.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Control Empresarial De Capital sold 1,381,000 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $18.52, for a total transaction of $25,576,120.00. Following the sale, the insider owned 39,079,036 shares in the company, valued at $723,743,746.72. The trade was a 3.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,652,307 shares of company stock worth $30,201,799. 0.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. grew its position in shares of Talos Energy by 4.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,535 shares of the company’s stock worth $381,000 after buying an additional 1,170 shares during the period. WINTON GROUP Ltd lifted its position in shares of Talos Energy by 1,717.7% during the 2nd quarter. WINTON GROUP Ltd now owns 223,579 shares of the company’s stock valued at $2,886,000 after acquiring an additional 211,279 shares during the period. Squarepoint Ops LLC bought a new position in Talos Energy during the second quarter worth $2,224,000. Corient Private Wealth LP bought a new position in Talos Energy during the second quarter worth $161,000. Finally, Amundi boosted its stake in Talos Energy by 1.1% during the second quarter. Amundi now owns 57,590 shares of the company’s stock worth $743,000 after acquiring an additional 613 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Performance

Shares of NYSE TALO opened at $16.49 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2.75 billion, a P/E ratio of -6.93 and a beta of 0.36. Talos Energy has a 12 month low of $8.97 and a 12 month high of $18.73. The stock has a 50 day moving average of $16.14 and a 200-day moving average of $15.24.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The business had revenue of $664.81 million for the quarter, compared to analysts’ expectations of $577.92 million. During the same quarter in the prior year, the business earned ($0.27) EPS. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. As a group, equities research analysts predict that Talos Energy will post 1.4 EPS for the current year.

About Talos Energy

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it owns and operates offshore properties and produces crude oil, natural gas and natural gas liquids.

Talos also operates a low-carbon business focused on carbon capture and sequestration. Through this business, the company evaluates and develops projects designed to capture carbon dioxide from industrial facilities and permanently store it in suitable underground geologic formations, particularly along the U.S.