Citigroup Issues Positive Forecast for Talos Energy (NYSE:TALO) Stock Price

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

A number of other equities analysts have also commented on the stock. The Goldman Sachs Group started coverage on shares of Talos Energy in a research report on Monday, July 22nd. They set a “buy” rating and a $14.00 price target on the stock. BMO Capital Markets decreased their target price 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 reiterated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research report on Tuesday, November 12th. KeyCorp reduced their price target on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Mizuho began coverage on Talos Energy in a research note on Thursday, September 19th. They set an “outperform” rating and a $16.00 price objective on the stock. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.45.

Talos Energy Trading Down 3.3 %

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

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

Insider Activity

In related news, insider Control Empresarial De Capital bought 547,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $10.92 per share, with a total value of $5,973,240.00. Following the completion of the acquisition, the insider now owns 40,685,904 shares of the company’s stock, valued at $444,290,071.68. The trade was a 1.36 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have acquired 1,220,000 shares of company stock worth $13,135,560. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors have recently added to or reduced their stakes in TALO. Virtus Investment Advisers Inc. bought a new stake in shares of Talos Energy during the third quarter worth $31,000. Signaturefd LLC grew its position 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 acquiring an additional 917 shares during the last quarter. US Bancorp DE increased its holdings in Talos Energy by 113.3% in the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after purchasing an additional 1,827 shares in the last quarter. Headlands Technologies LLC bought a new position in Talos Energy in the first quarter valued at about $50,000. Finally, Nisa Investment Advisors LLC boosted its stake 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 purchasing an additional 2,235 shares in 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.