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

Shares of Talos Energy Inc. (NYSE:TALO) have been assigned a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued a report on the stock in the last year is $21.19.

TALO has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Friday, April 12th. TheStreet lowered Talos Energy from a “b-” rating to a “c+” rating in a research note on Tuesday, March 19th. Citigroup started coverage on Talos Energy in a research note on Friday, March 22nd. They issued a “buy” rating and a $16.50 target price on the stock. Stephens restated an “overweight” rating and set a $26.00 price target on shares of Talos Energy in a research note on Monday, April 22nd. Finally, Stifel Nicolaus boosted their price target on Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital purchased 468,729 shares of Talos Energy stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $12.77 per share, with a total value of $5,985,669.33. Following the transaction, the insider now directly owns 35,216,510 shares of the company’s stock, valued at $449,714,832.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TALO. Quadrant Capital Group LLC raised its holdings in Talos Energy by 44.3% during the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after purchasing an additional 1,731 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Talos Energy by 13.2% in the third quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock valued at $127,000 after purchasing an additional 903 shares during the period. Norden Group LLC purchased a new stake in Talos Energy during the first quarter valued at about $147,000. Stonegate Investment Group LLC purchased a new stake in Talos Energy during the first quarter valued at about $261,000. Finally, Laurion Capital Management LP purchased a new stake in Talos Energy during the third quarter valued at about $268,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Talos Energy Price Performance

TALO opened at $13.26 on Wednesday. The business’s 50-day moving average is $13.47 and its two-hundred day moving average is $13.67. Talos Energy has a 1 year low of $10.69 and a 1 year high of $17.59. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $2.44 billion, a PE ratio of 8.19 and a beta of 1.99.

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