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

Talos Energy (NYSE:TALO) had its price target raised by Citigroup from $12.50 to $14.50 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on TALO. KeyCorp reduced their target price on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. BMO Capital Markets lowered their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. The Goldman Sachs Group assumed coverage on shares of Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target for the company. Benchmark restated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. Finally, Mizuho started coverage on shares of Talos Energy in a report on Thursday, September 19th. They set an “outperform” rating and a $16.00 target price for the company. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.45.

Talos Energy Price Performance

TALO opened at $11.28 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 0.97. The stock has a market capitalization of $2.03 billion, a PE ratio of 20.89 and a beta of 1.92. The stock’s 50 day moving average price is $10.79 and its 200-day moving average price is $11.33. Talos Energy has a 52-week low of $9.44 and a 52-week high of $14.80.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The company had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share. On average, equities research analysts predict that Talos Energy will post -0.2 EPS for the current year.

Insider Activity

In other news, insider Control Empresarial De Capital purchased 323,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $10.84 per share, with a total value of $3,501,320.00. Following the acquisition, the insider now directly owns 42,858,904 shares of the company’s stock, valued at $464,590,519.36. This represents a 0.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 1,220,000 shares of company stock valued at $13,135,560 in the last 90 days. 0.77% of the stock is currently owned by insiders.

Institutional Trading of Talos Energy

Several large investors have recently modified their holdings of the company. Virtus Investment Advisers Inc. purchased a new position in Talos Energy in the third quarter worth about $31,000. Signaturefd LLC lifted its stake in shares of Talos Energy by 51.9% in the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after purchasing an additional 917 shares during the period. US Bancorp DE boosted its holdings in shares of Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after buying an additional 1,827 shares during the last quarter. Headlands Technologies LLC bought a new stake in Talos Energy during the first quarter valued at approximately $50,000. Finally, Nisa Investment Advisors LLC increased its holdings in Talos Energy by 91.1% during the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after buying an additional 2,235 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

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.