Talos Energy Inc. (NYSE:TALO) Receives $15.56 Consensus Price Target from Analysts

Talos Energy Inc. (NYSE:TALO) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $15.56.

TALO has been the topic of a number of recent analyst reports. Stephens cut their price objective on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. cut their price target on Talos Energy from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Mizuho lowered their price objective on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, Citigroup cut their target price on Talos Energy from $14.50 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtus Investment Advisers Inc. acquired a new stake in shares of Talos Energy in the third quarter valued at approximately $31,000. Sterling Capital Management LLC increased its position in Talos Energy by 787.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock valued at $44,000 after acquiring an additional 4,053 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Talos Energy in the 3rd quarter valued at approximately $75,000. KBC Group NV raised its stake in Talos Energy by 46.1% during the 4th quarter. KBC Group NV now owns 7,970 shares of the company’s stock valued at $77,000 after acquiring an additional 2,515 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Talos Energy by 182.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company’s stock worth $106,000 after acquiring an additional 7,026 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Stock Down 0.9 %

Shares of NYSE:TALO opened at $9.52 on Friday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 17.64 and a beta of 1.79. The company has a 50 day moving average of $9.29 and a two-hundred day moving average of $10.12. Talos Energy has a 52-week low of $8.05 and a 52-week high of $14.67. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47.

About Talos Energy

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.