Talos Energy (NYSE:TALO) Given “Overweight” Rating at Stephens

Talos Energy (NYSE:TALO)‘s stock had its “overweight” rating restated by equities research analysts at Stephens in a report issued on Thursday,Benzinga reports. They currently have a $21.00 price target on the stock. Stephens’ price target indicates a potential upside of 91.61% from the stock’s previous close.

Several other research firms have also weighed in on TALO. Citigroup raised their price objective on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. KeyCorp decreased their price target on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. JPMorgan Chase & Co. started coverage on Talos Energy in a research note on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price objective on the stock. Benchmark reissued a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Tuesday, November 12th. Finally, BMO Capital Markets dropped their price target on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Talos Energy currently has an average rating of “Moderate Buy” and a consensus price target of $15.94.

Talos Energy Price Performance

Talos Energy stock traded up $0.18 during mid-day trading on Thursday, reaching $10.96. 337,570 shares of the company were exchanged, compared to its average volume of 1,995,254. The firm has a market cap of $1.97 billion, a PE ratio of 20.30 and a beta of 1.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The company has a fifty day simple moving average of $10.48 and a 200-day simple moving average of $10.90. Talos Energy has a 12 month low of $8.89 and a 12 month high of $14.67.

Talos Energy (NYSE:TALO) last released its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The company had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. As a group, equities research analysts expect that Talos Energy will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently modified their holdings of TALO. Virtus Investment Advisers Inc. bought a new stake in shares of Talos Energy in the 3rd quarter valued at $31,000. US Bancorp DE grew its holdings in Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after purchasing an additional 1,827 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Talos Energy in the third quarter valued at $75,000. FMR LLC grew its stake in shares of Talos Energy by 119.2% in the 3rd quarter. FMR LLC now owns 10,395 shares of the company’s stock valued at $108,000 after buying an additional 5,653 shares during the period. Finally, Regent Peak Wealth Advisors LLC acquired a new position in Talos Energy during the 3rd quarter worth approximately $118,000. 89.35% of the stock is currently owned by 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.