Stephens Reaffirms Overweight Rating for Talos Energy (NYSE:TALO)

Stephens restated their overweight rating on shares of Talos Energy (NYSE:TALO) in a research report sent to investors on Monday morning, Benzinga reports. They currently have a $26.00 target price on the stock.

TALO has been the topic of a number of other research reports. 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. Benchmark reiterated a buy rating and set a $20.00 target price on shares of Talos Energy in a research report on Friday, April 12th. KeyCorp upped their price target on shares of Talos Energy from $20.00 to $21.00 and gave the stock an overweight rating in a report on Monday. Citigroup initiated coverage on shares of Talos Energy in a report on Friday, March 22nd. They set a buy rating and a $16.50 price objective for the company. Finally, TheStreet downgraded shares of Talos Energy from a b- rating to a c+ rating in a research note on Tuesday, March 19th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of Buy and a consensus price target of $21.19.

Talos Energy Stock Performance

NYSE:TALO opened at $13.53 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.73. The stock’s fifty day moving average is $13.40 and its 200 day moving average is $13.80. The firm has a market capitalization of $2.49 billion, a PE ratio of 8.35 and a beta of 2.01. Talos Energy has a fifty-two week low of $10.69 and a fifty-two week high of $17.59.

Talos Energy (NYSE:TALO) last released its 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 firm had revenue of $384.96 million during the quarter, compared to the consensus estimate of $386.90 million. On average, sell-side analysts anticipate that Talos Energy will post -0.05 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital bought 468,729 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $12.77 per share, for a total transaction of $5,985,669.33. Following the completion of the transaction, the insider now directly owns 35,216,510 shares in the company, valued at $449,714,832.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.98% of the stock is currently owned by insiders.

Institutional Trading of Talos Energy

Several large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its position in shares of Talos Energy by 13.2% in the third quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock valued at $127,000 after purchasing an additional 903 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Talos Energy by 44.3% in the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after buying an additional 1,731 shares in the last quarter. Congress Asset Management Co. MA grew its holdings 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 valued at $5,229,000 after buying an additional 3,800 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Talos Energy by 12.6% in the 3rd quarter. Arizona State Retirement System now owns 35,749 shares of the company’s stock worth $588,000 after acquiring an additional 4,009 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Talos Energy by 25.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,148 shares of the company’s stock worth $381,000 after acquiring an additional 4,659 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.