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

Talos Energy Inc. (NYSE:TALO) has earned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $18.50.

A number of research firms have issued reports on TALO. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. Stephens reiterated an “overweight” rating and set a $20.00 target price on shares of Talos Energy in a report on Wednesday, July 1st. Citigroup dropped their target price on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th.

Insider Buying and Selling at Talos Energy

In related news, insider John B. Spath sold 90,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $16.90, for a total value of $1,521,000.00. Following the completion of the sale, the insider directly owned 178,788 shares in the company, valued at approximately $3,021,517.20. This represents a 33.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory Babcock sold 61,307 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $16.74, for a total value of $1,026,279.18. Following the completion of the transaction, the insider directly owned 84,509 shares in the company, valued at $1,414,680.66. This trade represents a 42.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

A number of large investors have recently modified their holdings of TALO. Larson Financial Group LLC lifted its position in Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after acquiring an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Talos Energy by 134.4% in the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after acquiring an additional 2,123 shares in the last quarter. Quarry LP acquired a new stake in Talos Energy in the third quarter valued at approximately $36,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Talos Energy during the second quarter valued at approximately $63,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Talos Energy by 22.7% during the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after purchasing an additional 1,049 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Stock Up 3.5%

Shares of TALO opened at $17.25 on Friday. The firm has a market cap of $2.88 billion, a PE ratio of -7.25 and a beta of 0.35. The company’s fifty day moving average is $14.86 and its two-hundred day moving average is $14.68. Talos Energy has a fifty-two week low of $8.87 and a fifty-two week high of $18.44. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The business had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The business’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.27) EPS. Analysts forecast that Talos Energy will post 1.21 earnings per share for the current year.

About Talos Energy

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.