“We reiterate our Outperform rating and $38 PT. Consensus: TALO reported 4Q18 Adjusted EBITDA of ~$159MM, higher than consensus of ~$150MM but in-line with our estimate of ~$159MM as higher operating costs were offset by higher production and realized prices. Production of 53.4 MBOEPD (73% oil) was less than consensus of 54.3 MBOEPD and greater than our estimate of 52.2 MBOEPD (70% oil). Unit operating costs (LOE, workover/maintenance and cash G&A, adjusted for $5MM in non- recurring transaction expense) of $17.16/BOE were higher than our estimate of $15.32/BOE. Realized prices of $49.36/BOE were slightly above our estimate of $48.47/BOE.”
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Talos Energy Inc has an analyst consensus of Moderate Buy, with a price target consensus of $38.
The company has a one-year high of $40.16 and a one-year low of $14.60. Currently, Talos Energy Inc has an average volume of 143.4K.
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Talos Energy, Inc. is a holding company, which engages in the exploration and production activities. It focuses on the exploration, acquisition, exploitation and development of shallow and deepwater assets near existing infrastructure in the United State gulf of Mexico.