Analysts Set Talos Energy Inc. (NYSE:TALO) Price Target at $17.67

Shares of Talos Energy Inc. (NYSE:TALO) have earned an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $18.40.

A number of equities research analysts recently weighed in on TALO shares. Wall Street Zen downgraded Talos Energy from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Mizuho lifted their target price on Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. lifted their target price on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Benchmark downgraded Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th.

Talos Energy Trading Down 0.1%

Shares of NYSE:TALO opened at $13.76 on Monday. The company has a market cap of $2.30 billion, a P/E ratio of -3.19 and a beta of 0.33. The stock’s 50-day moving average is $15.01 and its 200-day moving average is $13.44. Talos Energy has a 52-week low of $7.67 and a 52-week high of $17.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. The company had revenue of $472.31 million for the quarter, compared to the consensus estimate of $446.39 million. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The firm’s revenue was down 7.9% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. Equities research analysts predict that Talos Energy will post 0.41 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital sold 339,568 shares of Talos Energy stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the sale, the insider directly owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 2,935,568 shares of company stock worth $48,892,022 over the last 90 days. 0.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Talos Energy

Institutional investors have recently added to or reduced their stakes in the company. Sourcerock Group LLC boosted its holdings in Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. Nuveen LLC boosted its holdings in Talos Energy by 341.7% during the fourth quarter. Nuveen LLC now owns 1,423,138 shares of the company’s stock valued at $15,683,000 after purchasing an additional 1,100,967 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Talos Energy by 2,347.6% during the fourth quarter. Federated Hermes Inc. now owns 643,231 shares of the company’s stock valued at $7,088,000 after purchasing an additional 616,951 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Talos Energy by 25.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock valued at $28,440,000 after purchasing an additional 592,509 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Talos Energy by 61.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,506,442 shares of the company’s stock valued at $16,601,000 after purchasing an additional 572,628 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

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.