Talos Energy Inc. (NYSE:TALO) Stock Has Consensus Price Target of $19.43

Shares of Talos Energy Inc. (NYSE:TALO) have earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $19.43.

TALO has been the topic of a number of analyst reports. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Zacks Research upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.00 to $17.00 in a report on Wednesday, July 1st. Finally, Citigroup lifted their price target on Talos Energy from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 15th.

Insider Transactions at Talos Energy

In related news, insider William S. Moss III sold 120,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $17.32, for a total transaction of $2,078,400.00. Following the completion of the sale, the insider directly owned 305,117 shares in the company, valued at $5,284,626.44. This represents a 28.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John B. Spath sold 90,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 178,788 shares in the company, valued at approximately $3,021,517.20. The trade was a 33.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 14,089,753 shares of company stock worth $244,347,035. Company insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Talos Energy during the second quarter valued at $256,801,000. Dimensional Fund Advisors LP increased its position in Talos Energy by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock worth $149,234,000 after buying an additional 501,552 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Talos Energy in the second quarter worth about $51,874,000. Webs Creek Capital Management LP purchased a new stake in Talos Energy in the second quarter worth about $27,039,375. Finally, Empowered Funds LLC increased its position in Talos Energy by 3.4% in the first quarter. Empowered Funds LLC now owns 1,152,594 shares of the company’s stock worth $18,165,000 after buying an additional 37,689 shares in the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Trading Up 0.0%

Shares of Talos Energy stock opened at $18.05 on Friday. The company has a market capitalization of $3.01 billion, a P/E ratio of -7.58 and a beta of 0.42. The stock has a fifty day simple moving average of $16.94 and a 200 day simple moving average of $15.49. Talos Energy has a 12-month low of $8.97 and a 12-month high of $18.73. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. The company had revenue of $664.81 million for the quarter, compared to analysts’ expectations of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. Talos Energy’s revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.27) EPS. On average, sell-side analysts anticipate that Talos Energy will post 1.58 earnings per share for the current fiscal 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 holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.