Citigroup Raises Talos Energy (NYSE:TALO) Price Target to $14.50

Talos Energy (NYSE:TALO) had its price objective hoisted by Citigroup from $12.50 to $14.50 in a report released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also commented on TALO. Mizuho assumed coverage on shares of Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price objective on the stock. BMO Capital Markets cut their price target on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Benchmark reissued a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. The Goldman Sachs Group assumed coverage on Talos Energy in a research report on Monday, July 22nd. They set a “buy” rating and a $14.00 target price on the stock. Finally, KeyCorp lowered their target price on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.45.

Talos Energy Stock Down 3.3 %

Shares of TALO opened at $11.28 on Thursday. The company has a market capitalization of $2.03 billion, a PE ratio of 20.89 and a beta of 1.92. The stock’s 50-day moving average price is $10.79 and its two-hundred day moving average price is $11.32. The company has a current ratio of 0.97, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47. Talos Energy has a 12 month low of $9.44 and a 12 month high of $14.80.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The company had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. Talos Energy’s revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, analysts anticipate that Talos Energy will post -0.2 EPS for the current year.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital acquired 547,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average price of $10.92 per share, for a total transaction of $5,973,240.00. Following the completion of the acquisition, the insider now owns 40,685,904 shares in the company, valued at approximately $444,290,071.68. This represents a 1.36 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 1,220,000 shares of company stock worth $13,135,560. Corporate insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Virtus Investment Advisers Inc. acquired a new stake in shares of Talos Energy in the 3rd quarter worth about $31,000. Signaturefd LLC increased its holdings in Talos Energy by 51.9% during the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after purchasing an additional 917 shares in the last quarter. US Bancorp DE raised its stake in shares of Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after purchasing an additional 1,827 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Talos Energy in the first quarter valued at approximately $50,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Talos Energy by 91.1% during the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after buying an additional 2,235 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.