Northland Securities began coverage on shares of Talos Energy (NYSE:TALO) in a report issued on Monday morning, The Fly reports. The brokerage issued an outperform rating and a $19.00 target price on the stock.

A number of other brokerages have also weighed in on TALO. MKM Partners initiated coverage on Talos Energy in a research report on Wednesday, June 24th. They set a buy rating and a $17.00 target price on the stock. Stifel Nicolaus initiated coverage on Talos Energy in a research report on Tuesday, July 14th. They set a buy rating and a $17.00 target price on the stock. BMO Capital Markets initiated coverage on Talos Energy in a research report on Thursday, June 4th. They set an outperform rating and a $16.00 target price on the stock. Zacks Investment Research lowered Talos Energy from a buy rating to a hold rating in a research report on Saturday, July 18th. Finally, ValuEngine raised Talos Energy from a sell rating to a hold rating in a research report on Thursday, July 2nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $15.13.

Shares of TALO opened at $6.72 on Monday. Talos Energy has a 52-week low of $5.00 and a 52-week high of $31.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.91 and a current ratio of 0.91. The business’s 50 day moving average price is $7.22 and its two-hundred day moving average price is $9.07. The firm has a market cap of $490.71 million, a PE ratio of 3.52 and a beta of 3.23.

In related news, insider Robert D. Abendschein purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $8.34 per share, for a total transaction of $417,000.00. Following the completion of the acquisition, the insider now owns 95,628 shares of the company’s stock, valued at approximately $797,537.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its stake in Talos Energy by 17.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,018 shares of the company’s stock valued at $46,000 after purchasing an additional 1,164 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Talos Energy by 48.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,089 shares of the company’s stock valued at $58,000 after buying an additional 3,291 shares during the last quarter. Jane Street Group LLC purchased a new stake in Talos Energy during the 1st quarter worth about $59,000. Bank of Montreal Can raised its holdings in shares of Talos Energy by 62.4% in the 2nd quarter. Bank of Montreal Can now owns 9,933 shares of the company’s stock valued at $79,000 after acquiring an additional 3,817 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Talos Energy during the 2nd quarter valued at about $99,000.

About Talos Energy

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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