Talos Energy Inc. (NYSE:TALO) Receives $15.94 Consensus Target Price from Analysts

Shares of Talos Energy Inc. (NYSE:TALO) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $15.94.

Several equities analysts recently issued reports on the company. Benchmark reiterated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. Mizuho reduced their target price on Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Citigroup raised their target price on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. started coverage on Talos Energy in a report on Thursday, December 5th. They set a “neutral” rating and a $12.00 target price on the stock. Finally, Stephens restated an “overweight” rating and set a $21.00 target price on shares of Talos Energy in a report on Thursday, January 16th.

Hedge Funds Weigh In On Talos Energy

Several institutional investors have recently modified their holdings of TALO. Barclays PLC raised its position in Talos Energy by 21.9% in the 3rd quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock valued at $12,149,000 after buying an additional 210,687 shares during the last quarter. PDT Partners LLC acquired a new stake in Talos Energy in the 3rd quarter valued at approximately $598,000. Verition Fund Management LLC raised its position in Talos Energy by 250.2% in the 3rd quarter. Verition Fund Management LLC now owns 94,395 shares of the company’s stock valued at $977,000 after buying an additional 67,438 shares during the last quarter. Weiss Asset Management LP raised its position in Talos Energy by 103.0% in the 3rd quarter. Weiss Asset Management LP now owns 263,489 shares of the company’s stock valued at $2,727,000 after buying an additional 133,714 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Talos Energy in the 2nd quarter valued at approximately $608,000. Institutional investors own 89.35% of the company’s stock.

Talos Energy Price Performance

Talos Energy stock opened at $9.60 on Friday. The business’s 50-day simple moving average is $10.12 and its 200 day simple moving average is $10.75. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 17.77 and a beta of 1.89. Talos Energy has a 12-month low of $8.89 and a 12-month high of $14.67. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The firm had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. Talos Energy’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 EPS. As a group, research analysts anticipate that Talos Energy will post -0.37 earnings per share for the current 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.