Talos Energy Inc (NYSE:TALO) has earned an average rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $42.00.
A number of equities analysts have issued reports on the company. Stephens set a $34.00 price target on Talos Energy and gave the stock a “buy” rating in a research report on Tuesday, March 19th. ValuEngine upgraded Talos Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Guggenheim assumed coverage on Talos Energy in a research report on Monday, February 11th. They set a “buy” rating and a $38.00 price target on the stock. Finally, Zacks Investment Research upgraded Talos Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 9th.
Several institutional investors have recently made changes to their positions in TALO. Thrivent Financial for Lutherans acquired a new position in shares of Talos Energy during the third quarter valued at approximately $16,937,000. Bank of New York Mellon Corp acquired a new stake in shares of Talos Energy in the second quarter valued at approximately $9,225,000. Dimensional Fund Advisors LP increased its holdings in shares of Talos Energy by 26.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 875,638 shares of the company’s stock valued at $14,290,000 after purchasing an additional 181,910 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Talos Energy by 15.1% in the third quarter. Royce & Associates LP now owns 698,179 shares of the company’s stock valued at $22,914,000 after purchasing an additional 91,500 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Talos Energy by 6.3% in the third quarter. BlackRock Inc. now owns 1,431,606 shares of the company’s stock valued at $46,986,000 after purchasing an additional 84,679 shares during the last quarter. 98.21% of the stock is owned by institutional investors and hedge funds.
Shares of TALO traded down $1.05 during mid-day trading on Thursday, reaching $25.28. The company had a trading volume of 183,620 shares, compared to its average volume of 199,496. Talos Energy has a 52-week low of $14.60 and a 52-week high of $37.64. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 20.72 and a beta of 1.57.
Talos Energy (NYSE:TALO) last issued its earnings results on Wednesday, March 13th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.31. Talos Energy had a return on equity of 5.25% and a net margin of 31.78%. The firm had revenue of $258.66 million for the quarter, compared to the consensus estimate of $230.13 million. Equities research analysts expect that Talos Energy will post 2.04 EPS for the current fiscal year.
Talos Energy Company Profile
Talos Energy Inc, an independent oil and gas company, focuses on the offshore exploration and production in the United States Gulf of Mexico and the shallow waters off the coast of Mexico. The company is headquartered in Houston, Texas.
Featured Article: 12b-1 Fees
Receive News & Ratings for Talos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talos Energy and related companies with MarketBeat.com's FREE daily email newsletter.