Talos Energy (NYSE:TALO) Price Target Raised to $20.00 at Citigroup

Talos Energy (NYSE:TALO) had its price objective boosted by Citigroup from $16.00 to $20.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. KeyCorp increased their price objective on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a report on Friday, December 5th. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. 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 cut Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Mizuho boosted their price objective on Talos Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Talos Energy has a consensus rating of “Hold” and a consensus target price of $15.63.

Talos Energy Trading Down 3.6%

Shares of NYSE:TALO opened at $15.73 on Tuesday. Talos Energy has a 1 year low of $6.23 and a 1 year high of $17.00. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -5.54 and a beta of 0.54. 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 business’s 50 day moving average price is $13.26 and its 200-day moving average price is $11.45.

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

Institutional Investors Weigh In On Talos Energy

A number of large investors have recently modified their holdings of the business. Sourcerock Group LLC raised its position in shares of Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after buying an additional 1,110,685 shares during the last quarter. Nuveen LLC boosted its position in Talos Energy by 341.7% during the fourth quarter. Nuveen LLC now owns 1,423,138 shares of the company’s stock worth $15,683,000 after acquiring an additional 1,100,967 shares during the last quarter. Federated Hermes Inc. boosted its position in Talos Energy by 2,347.6% during the fourth quarter. Federated Hermes Inc. now owns 643,231 shares of the company’s stock worth $7,088,000 after acquiring an additional 616,951 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Talos Energy by 25.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock valued at $28,440,000 after acquiring an additional 592,509 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Talos Energy by 61.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,506,442 shares of the company’s stock valued at $16,601,000 after acquiring an additional 572,628 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

About Talos Energy

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.