Talos Energy (NYSE:TALO) Given a $49.00 Price Target at Guggenheim

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Guggenheim set a $49.00 price target on Talos Energy (NYSE:TALO) in a research note released on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the stock.

Several other analysts have also issued reports on the company. Stephens set a $37.00 target price on Talos Energy and gave the stock a buy rating in a report on Wednesday, May 22nd. Zacks Investment Research upgraded Talos Energy from a sell rating to a hold rating in a report on Thursday, August 15th. Roth Capital set a $45.00 target price on Talos Energy and gave the stock a buy rating in a report on Thursday, June 13th. Finally, ValuEngine lowered Talos Energy from a sell rating to a strong sell rating in a report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $40.00.

Shares of Talos Energy stock opened at $20.87 on Wednesday. Talos Energy has a one year low of $14.60 and a one year high of $36.46. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 7.85 and a beta of 1.65. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s 50-day moving average is $21.71 and its 200-day moving average is $24.07.

Talos Energy (NYSE:TALO) last released its earnings results on Wednesday, August 7th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.22. Talos Energy had a return on equity of 15.59% and a net margin of 30.24%. The business had revenue of $286.81 million for the quarter, compared to analyst estimates of $268.23 million. On average, equities analysts expect that Talos Energy will post 3.19 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in Talos Energy by 29.9% during the second quarter. BlackRock Inc. now owns 1,936,558 shares of the company’s stock worth $46,574,000 after buying an additional 445,585 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Talos Energy by 26.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 875,638 shares of the company’s stock worth $14,290,000 after buying an additional 181,910 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Talos Energy during the second quarter worth approximately $15,288,000. Caymus Capital Partners L.P. increased its position in Talos Energy by 95.8% during the second quarter. Caymus Capital Partners L.P. now owns 476,587 shares of the company’s stock worth $11,462,000 after buying an additional 233,187 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Talos Energy by 4.2% during the second quarter. Renaissance Technologies LLC now owns 321,938 shares of the company’s stock worth $7,743,000 after buying an additional 12,998 shares during the last quarter.

Talos Energy Company Profile

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.

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Analyst Recommendations for Talos Energy (NYSE:TALO)

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