Talos Energy (NYSE:TALO) Receives New Coverage from Analysts at The Goldman Sachs Group

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

Several other brokerages have also recently weighed in on TALO. KeyCorp increased their price objective on shares of Talos Energy from $20.00 to $21.00 and gave the stock an overweight rating in a research note on Monday, April 22nd. Stephens reiterated an overweight rating and issued a $24.00 price target on shares of Talos Energy in a research report on Wednesday, July 10th. Stifel Nicolaus lifted their price target on shares of Talos Energy from $17.00 to $19.00 and gave the stock a buy rating in a research note on Tuesday, April 23rd. Finally, Benchmark restated a buy rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Friday, June 21st. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $20.17.

Talos Energy Trading Up 0.6 %

NYSE:TALO opened at $11.63 on Monday. The company has a 50 day simple moving average of $11.48 and a two-hundred day simple moving average of $12.58. The company has a market cap of $2.14 billion, a PE ratio of 166.07 and a beta of 1.95. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. Talos Energy has a 12 month low of $10.10 and a 12 month high of $17.59.

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

Insider Activity

In other Talos Energy news, insider Control Empresarial De Capital bought 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average price of $11.48 per share, for a total transaction of $2,296,000.00. Following the completion of the transaction, the insider now owns 36,272,904 shares of the company’s stock, valued at approximately $416,412,937.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 650,000 shares of company stock worth $7,262,500 over the last ninety days. Corporate insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

Several institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new position in shares of Talos Energy during the 1st quarter valued at about $50,000. Nisa Investment Advisors LLC boosted its stake 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. Sandia Investment Management LP purchased a new position in Talos Energy during the 1st quarter valued at approximately $70,000. Quadrant Capital Group LLC increased its stake in Talos Energy by 44.3% in the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after acquiring an additional 1,731 shares during the last quarter. Finally, Norden Group LLC purchased a new stake in shares of Talos Energy during the 1st quarter worth approximately $147,000. 89.35% of the stock is owned by hedge funds and other 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.