Analysts Set Talos Energy Inc. (NYSE:TALO) Target Price at $17.20

Talos Energy Inc. (NYSE:TALO) has been assigned an average rating of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $17.20.

A number of analysts have commented on TALO shares. KeyCorp upped their price target on Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Mizuho increased their target price on Talos Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Benchmark cut Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Roth Mkm reiterated a “neutral” rating and set a $16.00 target price (up from $13.00) on shares of Talos Energy in a research report on Wednesday, April 8th. Finally, Citigroup increased their target price on Talos Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st.

Insider Activity

In related news, insider Control Empresarial De Capital sold 1,352,000 shares of the stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the completion of the sale, the insider owned 41,233,604 shares in the company, valued at approximately $687,776,514.72. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Talos Energy

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

Talos Energy Stock Performance

Shares of TALO opened at $15.91 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $14.44 and a two-hundred day simple moving average of $12.24. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of -5.60 and a beta of 0.35. Talos Energy has a 52 week low of $6.76 and a 52 week high of $17.00.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.17). The company had revenue of $392.24 million during the quarter, compared to analysts’ expectations of $431.22 million. Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.The business’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. On average, analysts expect that Talos Energy will post 0.21 EPS 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.