Talos Energy (NYSE:TALO) Price Target Raised to $21.00 at KeyCorp

Talos Energy (NYSE:TALO) had its target price increased by investment analysts at KeyCorp from $20.00 to $21.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 55.10% from the company’s current price.

Other research analysts have also recently issued research reports about the company. TheStreet cut Talos Energy from a “b-” rating to a “c+” rating in a research note on Tuesday, March 19th. Citigroup began coverage on Talos Energy in a research note on Friday, March 22nd. They set a “buy” rating and a $16.50 target price for the company. Benchmark reaffirmed a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research note on Friday, April 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $17.00 target price (down previously from $20.00) on shares of Talos Energy in a research note on Friday, March 22nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $20.31.

Talos Energy Trading Up 2.0 %

NYSE:TALO opened at $13.54 on Monday. Talos Energy has a 1 year low of $10.69 and a 1 year high of $17.59. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 8.36 and a beta of 2.01. The business has a fifty day moving average of $13.35 and a 200-day moving average of $13.82. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.73.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share (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 business had revenue of $384.96 million during the quarter, compared to the consensus estimate of $386.90 million. Equities analysts predict that Talos Energy will post -0.05 earnings per share for the current year.

Insider Activity at Talos Energy

In related news, insider Control Empresarial De Capital purchased 468,729 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $12.77 per share, for a total transaction of $5,985,669.33. Following the transaction, the insider now directly 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 is accessible through this hyperlink. 0.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Talos Energy

Several hedge funds have recently bought and sold shares of the business. Maryland State Retirement & Pension System lifted its stake in Talos Energy by 33.0% in the 1st quarter. Maryland State Retirement & Pension System now owns 48,571 shares of the company’s stock worth $647,000 after acquiring an additional 12,043 shares in the last quarter. Norden Group LLC purchased a new stake in Talos Energy in the 1st quarter worth about $147,000. State of Alaska Department of Revenue lifted its stake in Talos Energy by 32.8% in the 1st quarter. State of Alaska Department of Revenue now owns 82,113 shares of the company’s stock worth $1,143,000 after acquiring an additional 20,282 shares in the last quarter. Congress Asset Management Co. MA lifted its stake in Talos Energy by 1.0% in the 1st quarter. Congress Asset Management Co. MA now owns 375,382 shares of the company’s stock worth $5,229,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Talos Energy by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 7,920,081 shares of the company’s stock worth $112,703,000 after purchasing an additional 332,489 shares in the last quarter. 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.