Citigroup Forecasts Strong Price Appreciation for Talos Energy (NYSE:TALO) Stock

Talos Energy (NYSE:TALO) had its target price raised by stock analysts at 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. Citigroup’s price target suggests a potential upside of 28.55% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Mizuho initiated coverage on shares of Talos Energy in a research report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price target for the company. KeyCorp reduced 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. BMO Capital Markets lowered their price target on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. The Goldman Sachs Group initiated coverage on shares of Talos Energy in a research report on Monday, July 22nd. They issued a “buy” rating and a $14.00 target price for the company. Finally, Benchmark restated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.45.

Talos Energy Stock Down 3.3 %

TALO stock opened at $11.28 on Thursday. Talos Energy has a one year low of $9.44 and a one year high of $14.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 0.97. The firm’s fifty day moving average is $10.79 and its 200 day moving average is $11.34. The firm has a market cap of $2.03 billion, a PE ratio of 20.89 and a beta of 1.92.

Talos Energy (NYSE:TALO) last announced its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. During the same period in the previous year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. On average, research analysts forecast that Talos Energy will post -0.2 EPS for the current year.

Insider Buying and Selling at Talos Energy

In other news, insider Control Empresarial De Capital purchased 547,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of $10.92 per share, for a total transaction of $5,973,240.00. Following the completion of the purchase, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired 1,220,000 shares of company stock valued at $13,135,560 in the last 90 days. Company insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

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

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.