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

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

A number of other equities research analysts also recently issued reports on the stock. TheStreet downgraded shares of Talos Energy from a b- rating to a c+ rating in a research note on Tuesday, March 19th. Benchmark reaffirmed a buy rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Friday, April 12th. Citigroup started coverage on Talos Energy in a research note on Friday, March 22nd. They set a buy rating and a $16.50 target price on the stock. Finally, Stifel Nicolaus reiterated a buy rating and set a $17.00 price target (down from $20.00) on shares of Talos Energy in a research note on Friday, March 22nd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talos Energy currently has an average rating of Buy and an average target price of $20.94.

Talos Energy Stock Performance

TALO opened at $13.57 on Monday. Talos Energy has a twelve month low of $10.69 and a twelve month high of $17.59. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $2.50 billion, a PE ratio of 8.38 and a beta of 2.01. The firm’s 50-day moving average price is $13.37 and its 200 day moving average price is $13.81.

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

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital acquired 468,729 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $12.77 per share, with a total value of $5,985,669.33. Following the transaction, the insider now owns 35,216,510 shares in the company, valued at $449,714,832.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Talos Energy

Several institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its position in shares of Talos Energy by 44.3% during the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after buying an additional 1,731 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of 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 in the last quarter. Norden Group LLC purchased a new stake in shares of Talos Energy in the 1st quarter valued at about $147,000. Stonegate Investment Group LLC purchased a new position in Talos Energy during the 1st quarter worth approximately $261,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Talos Energy during the third quarter worth about $268,000. Hedge funds and other institutional investors 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.