Talos Energy (NYSE:TALO) Price Target Raised to $19.00 at Stifel Nicolaus

Talos Energy (NYSE:TALO) had its target price increased by Stifel Nicolaus from $17.00 to $19.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently issued reports on TALO. Citigroup initiated coverage on Talos Energy in a research note on Friday, March 22nd. They set a buy rating and a $16.50 price target for the company. Benchmark reiterated a buy rating and set a $20.00 price target on shares of Talos Energy in a research note on Friday, April 12th. TheStreet cut Talos Energy from a b- rating to a c+ rating in a research report on Tuesday, March 19th. KeyCorp boosted their price objective on Talos Energy from $20.00 to $21.00 and gave the stock an overweight rating in a research report on Monday. Finally, Stephens reissued an overweight rating and set a $26.00 price objective on shares of Talos Energy in a research report on Monday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and an average price target of $21.19.

Talos Energy Stock Performance

TALO opened at $13.75 on Tuesday. The company has a market cap of $2.53 billion, a PE ratio of 8.48 and a beta of 2.01. The stock has a 50-day moving average of $13.37 and a 200-day moving average of $13.81. Talos Energy has a 52-week low of $10.69 and a 52-week high of $17.59. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.73.

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

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital acquired 468,729 shares of Talos Energy stock in a transaction on Wednesday, March 13th. The stock was bought at an average price of $12.77 per share, for a total transaction of $5,985,669.33. Following the transaction, the insider now owns 35,216,510 shares of the company’s stock, valued at $449,714,832.70. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.98% of the company’s stock.

Institutional Trading of Talos Energy

Hedge funds have recently modified their holdings of the company. Glenmede Trust Co. NA lifted its position in shares of Talos Energy by 24.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 793,633 shares of the company’s stock worth $13,047,000 after acquiring an additional 155,215 shares during the period. Zweig DiMenna Associates LLC lifted its position in shares of Talos Energy by 27.2% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 1,538,897 shares of the company’s stock worth $25,299,000 after buying an additional 329,275 shares during the period. Trexquant Investment LP bought a new position in shares of Talos Energy during the 3rd quarter worth approximately $1,850,000. Assenagon Asset Management S.A. bought a new position in shares of Talos Energy during the 3rd quarter worth approximately $1,168,000. Finally, Illinois Municipal Retirement Fund bought a new position in shares of Talos Energy during the 3rd quarter worth approximately $1,029,000. 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.