Brokerages Set Talos Energy Inc. (NYSE:TALO) Price Target at $18.50

Shares of Talos Energy Inc. (NYSE:TALOGet Free Report) have been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $18.50.

Several research firms have commented on TALO. Weiss Ratings cut shares of 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 increased their price target for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st. Zacks Research upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Mizuho lifted their price objective on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th.

Read Our Latest Stock Analysis on Talos Energy

Talos Energy Trading Down 0.3%

Talos Energy stock opened at $17.22 on Friday. The stock has a 50-day moving average price of $15.00 and a 200 day moving average price of $14.74. Talos Energy has a 52 week low of $8.87 and a 52 week high of $18.44. The stock has a market cap of $2.88 billion, a PE ratio of -7.24 and a beta of 0.36. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALOGet Free Report) last released its quarterly 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 company 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 firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period last year, the company earned ($0.27) EPS. Equities research analysts predict that Talos Energy will post 1.21 earnings per share for the current fiscal year.

Insider Activity

In related news, insider John B. Spath sold 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $16.90, for a total value of $1,521,000.00. Following the sale, the insider directly owned 178,788 shares of the company’s stock, valued at approximately $3,021,517.20. This trade represents a 33.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory Babcock sold 61,307 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $16.74, for a total transaction of $1,026,279.18. Following the completion of the sale, the insider owned 84,509 shares of the company’s stock, valued at approximately $1,414,680.66. The trade was a 42.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.51% of the stock is owned by insiders.

Institutional Trading of Talos Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in Talos Energy by 142.9% in the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after acquiring an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after acquiring an additional 2,123 shares during the last quarter. Quarry LP purchased a new position in shares of Talos Energy in the 3rd quarter worth about $36,000. PNC Financial Services Group Inc. grew its holdings in shares of Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after purchasing an additional 1,049 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Talos Energy by 395.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after purchasing an additional 5,236 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

About Talos Energy

(Get Free Report)

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.

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Analyst Recommendations for Talos Energy (NYSE:TALO)

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