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 report published on Tuesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts also recently commented on TALO. Citigroup began coverage on Talos Energy in a report on Friday, March 22nd. They issued a buy rating and a $16.50 price objective on the stock. Benchmark reiterated a buy rating and set a $20.00 target price on shares of Talos Energy in a report on Friday, April 12th. Stephens reiterated an overweight rating and set a $26.00 target price on shares of Talos Energy in a report on Monday. TheStreet downgraded Talos Energy from a b- rating to a c+ rating in a report on Tuesday, March 19th. Finally, KeyCorp raised their target price on Talos Energy from $20.00 to $21.00 and gave the company an overweight rating in a report on Monday. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of Buy and an average target price of $21.19.

Talos Energy Stock Performance

Talos Energy stock opened at $13.75 on Tuesday. The stock’s 50-day moving average is $13.37 and its 200-day moving average is $13.81. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 8.48 and a beta of 2.01. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.73. Talos Energy has a 12 month low of $10.69 and a 12 month high of $17.59.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.26). The firm had revenue of $384.96 million during the quarter, compared to analysts’ expectations of $386.90 million. Talos Energy had a return on equity of 0.76% and a net margin of 12.85%. Equities analysts anticipate that Talos Energy will post -0.05 earnings per share for the current year.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital acquired 468,729 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average cost of $12.77 per share, for a total transaction of $5,985,669.33. Following the acquisition, the insider now directly owns 35,216,510 shares of the company’s stock, valued at $449,714,832.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On Talos Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of Talos Energy by 11.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock worth $89,474,000 after acquiring an additional 669,552 shares in the last quarter. Sourcerock Group LLC grew its position in shares of Talos Energy by 9.7% in the 3rd quarter. Sourcerock Group LLC now owns 6,274,940 shares of the company’s stock worth $103,160,000 after acquiring an additional 552,423 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Talos Energy by 17.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,400,000 shares of the company’s stock worth $55,896,000 after acquiring an additional 500,000 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Talos Energy by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 7,920,081 shares of the company’s stock worth $112,703,000 after acquiring an additional 332,489 shares in the last quarter. Finally, Zweig DiMenna Associates LLC grew its position in shares of Talos Energy by 27.2% in the 3rd quarter. Zweig DiMenna Associates LLC now owns 1,538,897 shares of the company’s stock worth $25,299,000 after acquiring an additional 329,275 shares in the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.