Talos Energy Inc. (NYSE:TALO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Talos Energy Inc. (NYSE:TALO) have been given an average rating of “Moderate Buy” by the ten analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.00.

TALO has been the topic of a number of analyst reports. Citigroup decreased their price objective on Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Monday, September 7th. KeyCorp raised their price target on shares of Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 15th. Finally, Weiss Ratings downgraded shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th.

Insider Activity

In other news, insider Gregory Babcock sold 61,307 shares of Talos Energy stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $16.74, for a total value of $1,026,279.18. Following the completion of the sale, the insider owned 84,509 shares of the company’s stock, valued at $1,414,680.66. The trade was a 42.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William Moss, III sold 120,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $17.32, for a total transaction of $2,078,400.00. Following the transaction, the insider directly owned 305,117 shares of the company’s stock, valued at approximately $5,284,626.44. This represents a 28.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,652,307 shares of company stock valued at $30,201,799 over the last quarter. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

Several hedge funds and other institutional investors have recently made changes to their positions in TALO. WINTON GROUP Ltd raised its stake in shares of Talos Energy by 1,717.7% in the 2nd quarter. WINTON GROUP Ltd now owns 223,579 shares of the company’s stock valued at $2,886,000 after purchasing an additional 211,279 shares in the last quarter. De Lisle Partners LLP acquired a new position in Talos Energy in the second quarter worth about $2,144,000. Bank of America Corp DE acquired a new position in Talos Energy in the second quarter worth about $7,338,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Talos Energy by 394,736.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 300,076 shares of the company’s stock valued at $4,729,000 after buying an additional 300,000 shares during the last quarter. Finally, Webs Creek Capital Management LP acquired a new stake in Talos Energy during the second quarter valued at approximately $27,039,375. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $16.22 on Wednesday. Talos Energy has a one year low of $8.97 and a one year high of $18.73. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of -6.81 and a beta of 0.36. The company has a 50-day simple moving average of $16.22 and a 200-day simple moving average of $15.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The business had revenue of $664.81 million during the quarter, compared to analysts’ expectations of $577.92 million. During the same quarter in the prior year, the business earned ($0.27) earnings per share. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, analysts predict that Talos Energy will post 1.4 EPS for the current year.

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 owns and operates offshore properties and produces crude oil, natural gas and natural gas liquids.

Talos also operates a low-carbon business focused on carbon capture and sequestration. Through this business, the company evaluates and develops projects designed to capture carbon dioxide from industrial facilities and permanently store it in suitable underground geologic formations, particularly along the U.S.