Analysts Set Talos Energy Inc (NYSE:TALO) PT at $41.00

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Talos Energy Inc (NYSE:TALO) has earned an average rating of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $43.20.

Several research firms have recently issued reports on TALO. Stephens set a $37.00 price target on Talos Energy and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. ValuEngine downgraded Talos Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, June 3rd. Zacks Investment Research raised Talos Energy from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. Guggenheim set a $49.00 price target on Talos Energy and gave the stock a “buy” rating in a research note on Wednesday. Finally, Roth Capital set a $45.00 price target on Talos Energy and gave the stock a “buy” rating in a research note on Thursday, June 13th.

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. acquired a new position in Talos Energy in the 2nd quarter valued at about $40,000. SG3 Management LLC acquired a new position in Talos Energy in the 1st quarter valued at about $64,000. Point72 Hong Kong Ltd acquired a new position in Talos Energy in the 2nd quarter valued at about $98,000. BNP Paribas Arbitrage SA raised its stake in Talos Energy by 52,525.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,210 shares of the company’s stock valued at $112,000 after purchasing an additional 4,202 shares during the last quarter. Finally, LSV Asset Management acquired a new position in Talos Energy in the 2nd quarter valued at about $127,000.

NYSE:TALO opened at $20.87 on Friday. The company has a market capitalization of $1.14 billion, a PE ratio of 7.85 and a beta of 1.65. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.71. Talos Energy has a 52-week low of $14.60 and a 52-week high of $36.46. The stock has a fifty day simple moving average of $21.71 and a 200-day simple moving average of $24.07.

Talos Energy (NYSE:TALO) last released its quarterly 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. The business had revenue of $286.81 million during the quarter, compared to the consensus estimate of $268.23 million. Talos Energy had a return on equity of 15.59% and a net margin of 30.24%. As a group, equities analysts anticipate that Talos Energy will post 3.19 earnings per share for the current year.

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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