Talos Energy (NYSE:TALO) Given New $21.00 Price Target at KeyCorp

Talos Energy (NYSE:TALO) had its price objective raised by KeyCorp from $20.00 to $21.00 in a research note released on Monday morning, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the company. Stifel Nicolaus reaffirmed a buy rating and set a $17.00 price objective (down previously from $20.00) on shares of Talos Energy in a research report on Friday, March 22nd. TheStreet downgraded shares of Talos Energy from a b- rating to a c+ rating in a research report on Tuesday, March 19th. Citigroup began coverage on shares of Talos Energy in a report on Friday, March 22nd. They issued a buy rating and a $16.50 target price for the company. Finally, Benchmark reissued a buy rating and set a $20.00 price target on shares of Talos Energy in a research report on Friday, April 12th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and an average target price of $20.94.

Talos Energy Stock Up 0.2 %

NYSE TALO opened at $13.57 on Monday. Talos Energy has a 1 year low of $10.69 and a 1 year high of $17.59. The stock has a market capitalization of $2.50 billion, a PE ratio of 8.38 and a beta of 2.01. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.73. The business’s 50-day moving average is $13.37 and its 200 day moving average is $13.81.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share 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 business had revenue of $384.96 million during the quarter, compared to the consensus estimate of $386.90 million. Sell-side analysts forecast that Talos Energy will post -0.05 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Talos Energy

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in shares of Talos Energy by 44.3% in the fourth 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. boosted its stake in shares of Talos Energy by 13.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock worth $127,000 after acquiring an additional 903 shares during the last quarter. Norden Group LLC bought a new stake in shares of Talos Energy during the 1st quarter valued at $147,000. Stonegate Investment Group LLC purchased a new stake in shares of Talos Energy in the 1st quarter worth $261,000. Finally, Laurion Capital Management LP purchased a new stake in shares of Talos Energy in the 3rd quarter worth $268,000. 89.35% of the stock is currently owned by 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.