Talos Energy Inc. (NYSE:TALO) Receives $18.83 Average Target Price from Brokerages

Shares of Talos Energy Inc. (NYSE:TALO) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $18.8333.

Several equities analysts have weighed in on TALO shares. Weiss Ratings cut shares of Talos Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “buy” rating in a report on Sunday. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Citigroup lifted their price target on Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. upped their price target on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital sold 339,568 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total value of $5,704,742.40. Following the transaction, the insider owned 40,460,036 shares in the company, valued at $679,728,604.80. This represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.51% of the stock is currently owned by company insiders.

Institutional Trading of Talos Energy

Several institutional investors have recently made changes to their positions in TALO. Royal Bank of Canada lifted its position in Talos Energy by 11.8% in the 1st quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock worth $278,000 after buying an additional 3,007 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Talos Energy by 152.1% during the 1st quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock valued at $884,000 after acquiring an additional 54,854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Talos Energy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock valued at $838,000 after acquiring an additional 3,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Talos Energy by 16.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock worth $21,224,000 after acquiring an additional 304,205 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Talos Energy by 132.7% in the second quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock worth $3,279,000 after acquiring an additional 220,502 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Stock Performance

Shares of TALO opened at $14.19 on Friday. Talos Energy has a one year low of $7.67 and a one year high of $17.05. The company has a 50-day moving average of $14.59 and a two-hundred day moving average of $13.73. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of -3.29 and a beta of 0.34. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 1.20.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The business had revenue of $472.31 million for the quarter, compared to the consensus estimate of $446.39 million. During the same period last year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. On average, equities research analysts expect that Talos Energy will post 0.38 earnings per share for the current year.

Talos Energy Company Profile

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.