Talos Energy Inc (TALO) Receives $44.00 Consensus Target Price from Analysts

Talos Energy Inc (NYSE:TALO) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $44.00.

Several analysts have recently issued reports on the stock. Roth Capital assumed coverage on shares of Talos Energy in a research report on Tuesday, October 16th. They set a “buy” rating and a $48.00 price target on the stock. Capital One Financial initiated coverage on shares of Talos Energy in a research report on Monday, August 27th. They set an “overweight” rating and a $45.00 price target on the stock. ValuEngine raised shares of Talos Energy from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Zacks Investment Research cut shares of Talos Energy from a “buy” rating to a “strong sell” rating in a report on Wednesday, November 7th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Talos Energy in a report on Monday, August 27th.

Shares of TALO opened at $18.11 on Tuesday. The stock has a market cap of $996.99 million, a PE ratio of 42.81 and a beta of 1.54. Talos Energy has a 1 year low of $17.83 and a 1 year high of $37.64. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.96 and a current ratio of 2.96.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Monday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.69). The business had revenue of $282.87 million for the quarter, compared to analyst estimates of $279.40 million. Talos Energy had a negative return on equity of 3.76% and a negative net margin of 4.09%. As a group, analysts predict that Talos Energy will post 2.6 EPS for the current year.

In other news, Director John B. Juneau bought 12,400 shares of Talos Energy stock in a transaction that occurred on Thursday, November 8th. The shares were purchased at an average price of $24.15 per share, with a total value of $299,460.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Neal P. Goldman bought 5,000 shares of Talos Energy stock in a transaction that occurred on Monday, December 10th. The stock was purchased at an average cost of $18.10 per share, for a total transaction of $90,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 30,299 shares of company stock worth $639,169. 3.50% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new position in Talos Energy in the third quarter valued at approximately $2,059,000. Vanguard Group Inc. increased its stake in Talos Energy by 0.7% in the third quarter. Vanguard Group Inc. now owns 1,038,064 shares of the company’s stock valued at $30,764,000 after purchasing an additional 7,013 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in Talos Energy in the third quarter valued at approximately $16,937,000. MetLife Investment Advisors LLC purchased a new position in Talos Energy in the third quarter valued at approximately $534,000. Finally, Capital Fund Management S.A. increased its stake in Talos Energy by 60.4% in the third quarter. Capital Fund Management S.A. now owns 15,400 shares of the company’s stock valued at $505,000 after purchasing an additional 5,800 shares during the last quarter. 99.48% of the stock is currently owned by hedge funds and other institutional investors.

About Talos Energy

Talos Energy Inc, an independent oil and gas company, focuses on the offshore exploration and production in the United States Gulf of Mexico and the shallow waters off the coast of Mexico. The company is headquartered in Houston, Texas.

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Analyst Recommendations for Talos Energy (NYSE:TALO)

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