Talos Energy Inc. (NYSE:TALO) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Talos Energy Inc. (NYSE:TALO) have received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.43.

Several equities research analysts recently issued reports on TALO shares. The Goldman Sachs Group reissued a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Monday, September 7th. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. Citigroup lifted their price target on Talos Energy from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Finally, Zacks Research lowered Talos Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th.

Talos Energy Price Performance

TALO stock opened at $18.38 on Friday. The firm has a 50 day moving average of $17.09 and a 200-day moving average of $15.55. 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 firm has a market capitalization of $3.07 billion, a P/E ratio of -7.72 and a beta of 0.42. Talos Energy has a 12 month low of $9.35 and a 12 month high of $18.73.

Talos Energy (NYSE:TALO) last posted its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.21. The business had revenue of $664.81 million for the quarter, compared to analysts’ expectations of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.27) EPS. As a group, sell-side analysts predict that Talos Energy will post 1.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital sold 2,141,590 shares of Talos Energy stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $18.01, for a total transaction of $38,570,035.90. Following the completion of the sale, the insider directly owned 24,500,000 shares in the company, valued at $441,245,000. The trade was a 8.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 16,231,343 shares of company stock valued at $282,917,071 over the last quarter. Company insiders own 0.51% of the company’s stock.

Institutional Trading of Talos Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Talos Energy in the second quarter valued at $256,801,000. Dimensional Fund Advisors LP boosted its holdings in shares of Talos Energy by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock worth $149,234,000 after purchasing an additional 501,552 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Talos Energy in the 2nd quarter worth about $51,874,000. Webs Creek Capital Management LP purchased a new position in shares of Talos Energy in the 2nd quarter worth about $27,039,375. Finally, Empowered Funds LLC increased its position in shares of Talos Energy by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,152,594 shares of the company’s stock valued at $18,165,000 after purchasing an additional 37,689 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

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 holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.