Talos Energy (NYSE:TALO) Rating Reiterated by Stephens

Talos Energy (NYSE:TALO)‘s stock had its “overweight” rating reaffirmed by investment analysts at Stephens in a note issued to investors on Wednesday, Benzinga reports. They currently have a $24.00 price target on the stock. Stephens’ target price would suggest a potential upside of 102.62% from the company’s current price.

Other research analysts also recently issued research reports about the stock. KeyCorp upped their target price on shares of Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a report on Friday, June 21st. TheStreet downgraded shares of Talos Energy from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. Stifel Nicolaus increased their price objective on shares of Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Finally, Citigroup assumed coverage on shares of Talos Energy in a report on Friday, March 22nd. They set a “buy” rating and a $16.50 price objective for the company. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $20.94.

Talos Energy Trading Up 3.4 %

Shares of Talos Energy stock opened at $11.85 on Wednesday. The company has a market capitalization of $2.18 billion, a P/E ratio of 169.21 and a beta of 1.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 0.78. The company has a fifty day moving average of $11.66 and a 200 day moving average of $12.75. Talos Energy has a fifty-two week low of $10.10 and a fifty-two week high of $17.59.

Talos Energy (NYSE:TALO) last issued its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.13. The company had revenue of $429.93 million during the quarter, compared to the consensus estimate of $404.00 million. Talos Energy had a negative net margin of 0.96% and a negative return on equity of 0.16%. On average, sell-side analysts anticipate that Talos Energy will post -0.11 earnings per share for the current fiscal year.

Insider Activity at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital purchased 150,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average price of $11.51 per share, with a total value of $1,726,500.00. Following the acquisition, the insider now owns 36,072,904 shares in the company, valued at $415,199,125.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders acquired 650,000 shares of company stock valued at $7,262,500. Insiders own 0.77% of the company’s stock.

Institutional Trading of Talos Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Talos Energy by 23.7% in the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock worth $136,425,000 after purchasing an additional 1,873,537 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Talos Energy by 11.9% during the fourth 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 during the period. Invesco Senior Secured Management Inc. ADV purchased a new position in shares of Talos Energy during the first quarter worth approximately $77,977,000. American Century Companies Inc. increased its position in shares of Talos Energy by 18.3% during the third quarter. American Century Companies Inc. now owns 1,389,805 shares of the company’s stock worth $22,848,000 after acquiring an additional 215,065 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Talos Energy by 9.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,336,779 shares of the company’s stock worth $19,022,000 after acquiring an additional 114,506 shares during the period. 89.35% of the stock is owned by hedge funds and other institutional investors.

About Talos Energy

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.