Talos Energy (NYSE:TALO) Given “Overweight” Rating at Stephens

Stephens reiterated their overweight rating on shares of Talos Energy (NYSE:TALO) in a research note published on Monday morning, Benzinga reports. Stephens currently has a $26.00 target price on the stock.

Several other equities analysts also recently commented on TALO. KeyCorp increased their price target on Talos Energy from $20.00 to $21.00 and gave the company an overweight rating in a report on Monday. Benchmark reiterated a buy rating and issued a $20.00 target price on shares of Talos Energy in a report on Friday, April 12th. Stifel Nicolaus restated a buy rating and set a $17.00 price target (down from $20.00) on shares of Talos Energy in a report on Friday, March 22nd. TheStreet downgraded Talos Energy from a b- rating to a c+ rating in a research report on Tuesday, March 19th. Finally, Citigroup started coverage on Talos Energy in a research report on Friday, March 22nd. They set a buy rating and a $16.50 price objective for the company. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Talos Energy currently has a consensus rating of Buy and an average price target of $20.94.

Talos Energy Stock Performance

Shares of TALO opened at $13.57 on Monday. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 8.38 and a beta of 2.01. The company’s fifty day moving average is $13.37 and its 200-day moving average is $13.81. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.46. Talos Energy has a 12 month low of $10.69 and a 12 month high of $17.59.

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

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital purchased 468,729 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $12.77 per share, with a total value of $5,985,669.33. Following the acquisition, the insider now directly owns 35,216,510 shares in the company, valued at approximately $449,714,832.70. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.98% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Talos Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its holdings 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 acquiring an additional 1,731 shares during the period. PNC Financial Services Group Inc. lifted its stake in 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 during the period. Norden Group LLC acquired a new stake in Talos Energy during the first quarter valued at approximately $147,000. Laurion Capital Management LP bought a new stake in shares of Talos Energy in the 3rd quarter valued at approximately $268,000. Finally, Teza Capital Management LLC acquired a new position in shares of Talos Energy in the 3rd quarter worth approximately $274,000. 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.