Talos Energy (NYSE:TALO) Price Target Raised to $14.50

Talos Energy (NYSE:TALO) had its price objective raised by stock analysts at Citigroup from $12.50 to $14.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 28.55% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. KeyCorp lowered their target price on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. BMO Capital Markets cut their target price on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Mizuho began coverage on Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price target on the stock. Benchmark reiterated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Tuesday. Finally, The Goldman Sachs Group initiated coverage on shares of Talos Energy in a research report on Monday, July 22nd. They set a “buy” rating and a $14.00 target price on the stock. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.45.

Talos Energy Stock Down 3.3 %

TALO stock opened at $11.28 on Thursday. Talos Energy has a 12 month low of $9.44 and a 12 month high of $14.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.80. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 20.89 and a beta of 1.92. The company has a fifty day moving average price of $10.79 and a 200 day moving average price of $11.34.

Talos Energy (NYSE:TALO) last announced its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. Talos Energy’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. Sell-side analysts expect that Talos Energy will post -0.2 earnings per share for the current year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital acquired 323,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $10.84 per share, with a total value of $3,501,320.00. Following the completion of the transaction, the insider now directly owns 42,858,904 shares in the company, valued at approximately $464,590,519.36. This trade represents a 0.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders bought a total of 1,220,000 shares of company stock worth $13,135,560 over the last ninety days. 0.77% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Natixis acquired a new position in Talos Energy during the first quarter valued at approximately $768,000. Vanguard Group Inc. lifted its stake in shares of Talos Energy by 23.7% during the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock worth $136,425,000 after purchasing an additional 1,873,537 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of Talos Energy by 37.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 880,345 shares of the company’s stock worth $10,696,000 after buying an additional 239,996 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of Talos Energy in the second quarter valued at about $18,832,000. Finally, HITE Hedge Asset Management LLC lifted its position in Talos Energy by 78.0% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock worth $30,939,000 after acquiring an additional 1,116,241 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

About Talos Energy

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.