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

Talos Energy Inc. (NYSE:TALO) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $16.28.

TALO has been the subject of several analyst reports. Citigroup raised their target price on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. Benchmark reissued a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. KeyCorp dropped their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. JPMorgan Chase & Co. started coverage on Talos Energy in a report on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target for the company. Finally, Mizuho dropped their price objective on Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th.

Talos Energy Price Performance

Shares of NYSE TALO opened at $10.64 on Monday. The company has a fifty day moving average price of $10.49 and a 200 day moving average price of $10.94. The firm has a market cap of $1.91 billion, a PE ratio of 19.70 and a beta of 1.91. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy has a 1-year low of $8.89 and a 1-year high of $14.67.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. During the same period last year, the company earned $0.14 EPS. The company’s revenue was up 32.9% compared to the same quarter last year. Research analysts predict that Talos Energy will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Virtus Investment Advisers Inc. bought a new position in Talos Energy in the third quarter valued at about $31,000. US Bancorp DE increased its stake in shares of Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after buying an additional 1,827 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Talos Energy in the 3rd quarter valued at approximately $75,000. FMR LLC grew its holdings in Talos Energy by 119.2% during the 3rd quarter. FMR LLC now owns 10,395 shares of the company’s stock worth $108,000 after acquiring an additional 5,653 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC acquired a new position in Talos Energy in the 3rd quarter valued at approximately $118,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.