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

Talos Energy (NYSE:TALO) had its target price boosted by Stifel Nicolaus from $17.00 to $19.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 40.43% from the stock’s current price.

Other analysts also recently issued research reports about the company. Stephens restated an “overweight” rating and issued a $26.00 target price on shares of Talos Energy in a research report on Monday. KeyCorp boosted their target price on Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup initiated coverage on Talos Energy in a research report on Friday, March 22nd. They issued a “buy” rating and a $16.50 target price for the company. Benchmark restated a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research report on Friday, April 12th. Finally, TheStreet downgraded Talos Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, March 19th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $21.19.

Talos Energy Stock Down 1.6 %

Shares of 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 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 capitalization of $2.49 billion, a price-to-earnings ratio of 8.35 and a beta of 2.01. The business has a 50-day moving average of $13.40 and a 200-day moving average of $13.80.

Talos Energy (NYSE:TALO) last issued 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). The business had revenue of $384.96 million for the quarter, compared to analysts’ expectations of $386.90 million. Talos Energy had a return on equity of 0.76% and a net margin of 12.85%. Sell-side analysts expect that Talos Energy will post -0.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Talos Energy

In related news, insider Control Empresarial De Capital acquired 468,729 shares of the stock in a transaction on Wednesday, March 13th. The stock was purchased 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 owns 35,216,510 shares of the company’s stock, valued at approximately $449,714,832.70. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Talos Energy by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 7,920,081 shares of the company’s stock valued at $112,703,000 after buying an additional 332,489 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Talos Energy by 11.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock valued at $89,474,000 after buying an additional 669,552 shares during the period. Sourcerock Group LLC increased its stake in shares of Talos Energy by 9.7% during the third quarter. Sourcerock Group LLC now owns 6,274,940 shares of the company’s stock valued at $103,160,000 after buying an additional 552,423 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Talos Energy by 17.2% during the third quarter. Canada Pension Plan Investment Board now owns 3,400,000 shares of the company’s stock valued at $55,896,000 after buying an additional 500,000 shares during the period. Finally, Zweig DiMenna Associates LLC grew its stake in Talos Energy by 27.2% in 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 during the period. 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.