Talos Energy (NYSE:TALO) Price Target Raised to $16.00 at Citigroup

Talos Energy (NYSE:TALO) had its price objective upped by Citigroup from $14.00 to $16.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also issued reports on TALO. Wall Street Zen lowered shares of Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Benchmark downgraded shares of Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. KeyCorp boosted their target price on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Finally, Mizuho increased their target price on Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.90.

Talos Energy Price Performance

Shares of NYSE TALO opened at $12.92 on Tuesday. The stock has a fifty day moving average price of $12.09 and a 200 day moving average price of $10.89. Talos Energy has a 1-year low of $6.23 and a 1-year high of $13.85. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $2.18 billion, a PE ratio of -4.55 and a beta of 0.54.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Tuesday, February 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.17). Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The firm had revenue of $392.24 million during the quarter, compared to analyst estimates of $431.22 million. During the same period in the prior year, the firm posted $0.08 earnings per share. The business’s quarterly revenue was down 19.2% compared to the same quarter last year. Sell-side analysts forecast that Talos Energy will post -0.44 EPS for the current year.

Hedge Funds Weigh In On Talos Energy

A number of large investors have recently made changes to their positions in TALO. Royal Bank of Canada lifted its stake in shares of Talos Energy by 11.8% in the first quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock valued at $278,000 after purchasing an additional 3,007 shares during the period. AQR Capital Management LLC grew its position in Talos Energy by 152.1% during the first quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock worth $884,000 after buying an additional 54,854 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Talos Energy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock valued at $838,000 after buying an additional 3,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Talos Energy by 16.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock valued at $21,224,000 after buying an additional 304,205 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Talos Energy by 34.8% during the 2nd quarter. Bank of Montreal Can now owns 26,387 shares of the company’s stock valued at $224,000 after acquiring an additional 6,806 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.