Talos Energy Inc. (NYSE:TALO) Receives $20.64 Consensus Price Target from Brokerages

Talos Energy Inc. (NYSE:TALO – Get Rating) has earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $20.64.

Several brokerages have weighed in on TALO. Stephens began coverage on Talos Energy in a research report on Wednesday, April 13th. They issued an “overweight” rating and a $28.00 price objective for the company. TheStreet upgraded Talos Energy from a “d” rating to a “c” rating in a research report on Friday, February 25th. KeyCorp boosted their price objective on Talos Energy from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, May 26th. Finally, Roth Capital boosted their price objective on Talos Energy from $18.00 to $23.00 in a research report on Friday, April 22nd.

In related news, Director Riverstone Holdings Llc sold 35,281 shares of the company’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $19.06, for a total value of $672,455.86. Following the sale, the director now directly owns 14,437,196 shares of the company’s stock, valued at $275,172,955.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Riverstone Energy Partners V, sold 100,438 shares of the stock in a transaction on Friday, June 10th. The stock was sold at an average price of $23.65, for a total value of $2,375,358.70. Following the completion of the sale, the director now directly owns 12,908,470 shares in the company, valued at $305,285,315.50. The disclosure for this sale can be found here. Insiders have sold 1,862,117 shares of company stock worth $38,830,271 over the last three months. Insiders own 0.79% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TALO. Credit Suisse AG grew its stake in shares of Talos Energy by 40.1% in the third quarter. Credit Suisse AG now owns 84,902 shares of the company’s stock worth $1,168,000 after acquiring an additional 24,319 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in shares of Talos Energy in the third quarter worth $1,578,000. AXA S.A. purchased a new stake in shares of Talos Energy in the third quarter worth $288,000. Man Group plc purchased a new stake in shares of Talos Energy in the third quarter worth $614,000. Finally, Point72 Hong Kong Ltd grew its stake in shares of Talos Energy by 159.5% in the third quarter. Point72 Hong Kong Ltd now owns 4,687 shares of the company’s stock worth $65,000 after acquiring an additional 2,881 shares during the last quarter. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:TALO opened at $15.89 on Friday. The business has a 50 day moving average of $20.09 and a 200 day moving average of $15.49. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -10.12 and a beta of 2.28. Talos Energy has a 1-year low of $8.57 and a 1-year high of $25.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.57 and a quick ratio of 0.57.

Talos Energy Company Profile (Get Rating)

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2021, the company had proved reserves of 161.59 million barrels of oil equivalent, consisting of 107,764 thousand barrels of crude oil, 236,353 million cubic feet of natural gas, and 14,435 thousand barrels of crude oil.

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