Talos Energy (NYSE:TALO) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Talos Energy (NYSE:TALO) in a research report report published on Monday, Marketbeat reports. The firm issued a buy rating and a $14.00 price target on the stock.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus boosted their target price on shares of Talos Energy from $17.00 to $19.00 and gave the company a buy rating in a research report on Tuesday, April 23rd. Benchmark restated a buy rating and issued a $20.00 target price on shares of Talos Energy in a research note on Friday, June 21st. Stephens reaffirmed an overweight rating and set a $24.00 target price on shares of Talos Energy in a report on Wednesday, July 10th. Finally, KeyCorp upped their price objective on Talos Energy from $20.00 to $21.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of $20.17.

Talos Energy Trading Up 0.6 %

Shares of NYSE:TALO opened at $11.63 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.56. Talos Energy has a 52-week low of $10.10 and a 52-week high of $17.59. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 166.07 and a beta of 1.95. The business has a 50-day moving average price of $11.48 and a 200-day moving average price of $12.58.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.13. Talos Energy had a negative net margin of 0.96% and a negative return on equity of 0.16%. The company had revenue of $429.93 million during the quarter, compared to analyst estimates of $404.00 million. Equities analysts predict that Talos Energy will post -0.11 EPS for the current year.

Insider Activity

In related news, insider Control Empresarial De Capital purchased 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was bought at an average price of $10.80 per share, with a total value of $3,240,000.00. Following the acquisition, the insider now owns 37,972,904 shares in the company, valued at $410,107,363.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 650,000 shares of company stock worth $7,262,500 in the last quarter. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

Institutional investors have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D lifted its position in shares of Talos Energy by 25.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 181,473 shares of the company’s stock valued at $2,582,000 after acquiring an additional 36,890 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Talos Energy by 11.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock worth $89,474,000 after purchasing an additional 669,552 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in Talos Energy during the 1st quarter worth $1,066,000. Empowered Funds LLC grew its holdings in shares of Talos Energy by 56.0% during the first quarter. Empowered Funds LLC now owns 687,780 shares of the company’s stock worth $9,581,000 after buying an additional 246,846 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Talos Energy by 9.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,336,779 shares of the company’s stock valued at $19,022,000 after buying an additional 114,506 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.