Talos Energy (NYSE:TALO) Receives “Overweight” Rating from Stephens

Stephens restated their overweight rating on shares of Talos Energy (NYSE:TALOFree Report) in a report released on Wednesday, Benzinga reports. They currently have a $24.00 price objective on the stock.

Other analysts have also issued reports about the company. Citigroup began coverage on Talos Energy in a report on Friday, March 22nd. They issued a buy rating and a $16.50 price target on the stock. KeyCorp boosted their price target on Talos Energy from $20.00 to $21.00 and gave the company an overweight rating in a report on Monday, April 22nd. TheStreet lowered Talos Energy from a b- rating to a c+ rating in a report on Tuesday, March 19th. Stifel Nicolaus boosted their price target on Talos Energy from $17.00 to $19.00 and gave the company a buy rating in a report on Tuesday, April 23rd. Finally, Benchmark restated a buy rating and issued a $20.00 price target on shares of Talos Energy in a report on Friday, June 21st. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Talos Energy has a consensus rating of Buy and a consensus price target of $20.94.

Check Out Our Latest Report on TALO

Talos Energy Stock Down 0.2 %

NYSE:TALO opened at $11.46 on Wednesday. Talos Energy has a 1 year low of $10.10 and a 1 year high of $17.59. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 163.71 and a beta of 1.95. The stock has a 50-day moving average price of $11.68 and a two-hundred day moving average price of $12.76.

Talos Energy (NYSE:TALOGet Free Report) last posted its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.13. Talos Energy had a negative return on equity of 0.16% and a negative net margin of 0.96%. The firm had revenue of $429.93 million during the quarter, compared to analysts’ expectations of $404.00 million. As a group, equities analysts expect that Talos Energy will post -0.11 earnings per share for the current year.

Insider Activity

In other news, insider Control Empresarial De Capital bought 150,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were bought at an average price of $11.51 per share, with a total value of $1,726,500.00. Following the completion of the transaction, the insider now owns 36,072,904 shares of the company’s stock, valued at $415,199,125.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have bought 650,000 shares of company stock valued at $7,262,500. 0.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Talos Energy

A number of large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its position in Talos Energy by 44.3% during 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 in the last quarter. Ameritas Investment Partners Inc. grew its position in Talos Energy by 23.4% during the first quarter. Ameritas Investment Partners Inc. now owns 13,717 shares of the company’s stock worth $191,000 after buying an additional 2,600 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Talos Energy during the first quarter worth approximately $50,000. Congress Asset Management Co. MA lifted its stake in Talos Energy by 1.0% during the first quarter. Congress Asset Management Co. MA now owns 375,382 shares of the company’s stock worth $5,229,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Sandia Investment Management LP bought a new stake in Talos Energy during the first quarter worth $70,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

About Talos Energy

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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.

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Analyst Recommendations for Talos Energy (NYSE:TALO)

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