Talos Energy (NYSE:TALO) Price Target Raised to $21.00

Talos Energy (NYSE:TALO) had its target price boosted by KeyCorp from $20.00 to $21.00 in a research report released on Monday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently commented on TALO. Benchmark reiterated a buy rating and issued a $20.00 price objective on shares of Talos Energy in a report on Friday, April 12th. TheStreet downgraded shares of Talos Energy from a b- rating to a c+ rating in a research report on Tuesday, March 19th. Citigroup assumed coverage on shares of Talos Energy in a report on Friday, March 22nd. They set a buy rating and a $16.50 price objective for the company. Finally, Stifel Nicolaus reiterated a buy rating and issued a $17.00 target price (down from $20.00) on shares of Talos Energy in a report on Friday, March 22nd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average target price of $21.19.

Talos Energy Trading Up 1.9 %

TALO stock opened at $13.79 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.46. Talos Energy has a twelve month low of $10.69 and a twelve month high of $17.59. The company has a market cap of $2.54 billion, a P/E ratio of 8.51 and a beta of 2.01. The business has a fifty day moving average of $13.42 and a 200-day moving average of $13.80.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.26). The business had revenue of $384.96 million for the quarter, compared to the consensus estimate of $386.90 million. Talos Energy had a return on equity of 0.76% and a net margin of 12.85%. As a group, equities research analysts expect that Talos Energy will post -0.05 EPS for the current year.

Insider Buying and Selling at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital purchased 468,729 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were purchased at an average cost of $12.77 per share, with a total value of $5,985,669.33. Following the transaction, the insider now directly owns 35,216,510 shares of the company’s stock, valued at approximately $449,714,832.70. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC grew its position in shares of Talos Energy by 44.3% in the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after acquiring an additional 1,731 shares during the period. PNC Financial Services Group Inc. grew its holdings in Talos Energy by 13.2% during the third quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock worth $127,000 after purchasing an additional 903 shares during the period. Norden Group LLC acquired a new position in Talos Energy during the first quarter worth approximately $147,000. Stonegate Investment Group LLC bought a new stake in Talos Energy in the first quarter valued at approximately $261,000. Finally, Laurion Capital Management LP bought a new stake in Talos Energy in the third quarter valued at approximately $268,000. 89.35% of the stock is currently owned by institutional investors.

Talos Energy Company Profile

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.