Talos Energy (NYSE:TALO) Stock Rating Reaffirmed by Stephens

Talos Energy (NYSE:TALO)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a research report issued on Monday, Benzinga reports. They currently have a $26.00 target price on the stock. Stephens’ price objective points to a potential upside of 89.16% from the stock’s previous close.

A number of other research firms have also issued reports on TALO. Citigroup started coverage on Talos Energy in a research note on Friday, March 22nd. They set a “buy” rating and a $16.50 price objective on the stock. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Friday, April 12th. TheStreet lowered shares of Talos Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, March 19th. KeyCorp boosted their price objective on shares of Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $17.00 price target (down from $20.00) on shares of Talos Energy in a report on Friday, March 22nd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $21.19.

Talos Energy Stock Performance

NYSE TALO opened at $13.75 on Monday. The company’s 50 day moving average is $13.37 and its 200-day moving average is $13.81. Talos Energy has a 12-month low of $10.69 and a 12-month high of $17.59. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.46. The firm has a market cap of $2.53 billion, a P/E ratio of 8.48 and a beta of 2.01.

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

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital purchased 468,729 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $12.77 per share, with a total value of $5,985,669.33. Following the completion of the purchase, the insider now directly owns 35,216,510 shares in the company, valued at approximately $449,714,832.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TALO. Glenmede Trust Co. NA grew its holdings in shares of Talos Energy by 24.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 793,633 shares of the company’s stock valued at $13,047,000 after purchasing an additional 155,215 shares during the last quarter. Zweig DiMenna Associates LLC grew its stake in shares of Talos Energy by 27.2% during the third quarter. Zweig DiMenna Associates LLC now owns 1,538,897 shares of the company’s stock valued at $25,299,000 after buying an additional 329,275 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Talos Energy during the third quarter valued at about $1,850,000. Assenagon Asset Management S.A. purchased a new position in shares of Talos Energy in the third quarter worth about $1,168,000. Finally, Illinois Municipal Retirement Fund bought a new stake in shares of Talos Energy in the 3rd quarter valued at about $1,029,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

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.