Talos Energy (NYSE:TALO) Price Target Raised to $19.00 at Stifel Nicolaus

Talos Energy (NYSE:TALO) had its price target increased by Stifel Nicolaus from $17.00 to $19.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 40.43% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Benchmark reiterated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Friday, April 12th. KeyCorp upped their price target on Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup assumed coverage on Talos Energy in a research report on Friday, March 22nd. They issued a “buy” rating and a $16.50 price target for the company. Stephens restated an “overweight” rating and issued a $26.00 price target on shares of Talos Energy in a research report on Monday. Finally, TheStreet lowered Talos Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, March 19th. 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 a consensus target price of $21.19.

Talos Energy Price Performance

NYSE:TALO opened at $13.53 on Tuesday. Talos Energy has a 12 month low of $10.69 and a 12 month high of $17.59. The stock has a 50 day moving average of $13.40 and a two-hundred day moving average of $13.80. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The firm has a market cap of $2.49 billion, a P/E ratio of 8.35 and a beta of 2.01.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TALO. SG Americas Securities LLC acquired a new position in Talos Energy during the third quarter worth $615,000. Riverwater Partners LLC lifted its stake in Talos Energy by 73.3% during the third quarter. Riverwater Partners LLC now owns 68,734 shares of the company’s stock worth $1,130,000 after purchasing an additional 29,076 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Talos Energy by 19.1% during the third quarter. Harbor Capital Advisors Inc. now owns 40,950 shares of the company’s stock worth $673,000 after purchasing an additional 6,575 shares in the last quarter. Zweig DiMenna Associates LLC lifted its stake in Talos Energy by 27.2% during the third quarter. Zweig DiMenna Associates LLC now owns 1,538,897 shares of the company’s stock worth $25,299,000 after purchasing an additional 329,275 shares in the last quarter. Finally, Keating Investment Counselors Inc. lifted its stake in Talos Energy by 50.6% during the third quarter. Keating Investment Counselors Inc. now owns 191,290 shares of the company’s stock worth $3,145,000 after purchasing an additional 64,265 shares in the last quarter. 89.35% of the stock is currently 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.