Talos Energy (NYSE:TALO) PT Raised to $19.00 at Stifel Nicolaus

Talos Energy (NYSE:TALO) had its price target increased by analysts at Stifel Nicolaus from $17.00 to $19.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 37.98% from the stock’s previous close.

A number of other brokerages also recently issued reports on TALO. Stephens reiterated an “overweight” rating and set a $26.00 price target on shares of Talos Energy in a research report on Monday. KeyCorp boosted their target price on shares of Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday. Benchmark reiterated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Friday, April 12th. Citigroup started coverage on shares of Talos Energy in a research report on Friday, March 22nd. They issued a “buy” rating and a $16.50 target price for the company. Finally, TheStreet lowered shares of Talos Energy from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $21.19.

Talos Energy Stock Up 1.5 %

NYSE TALO traded up $0.20 during trading hours on Tuesday, reaching $13.77. 404,770 shares of the company’s stock traded hands, compared to its average volume of 2,044,366. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market cap of $2.53 billion, a PE ratio of 8.49 and a beta of 2.01. Talos Energy has a 52-week low of $10.69 and a 52-week high of $17.59. The firm has a 50-day simple moving average of $13.37 and a 200 day simple moving average of $13.81.

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

Insider Activity

In other news, insider Control Empresarial De Capital acquired 468,729 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $12.77 per share, with a total value of $5,985,669.33. Following the acquisition, the insider now owns 35,216,510 shares in the company, valued at approximately $449,714,832.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.98% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA raised its position 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 worth $13,047,000 after purchasing an additional 155,215 shares during the last quarter. Zweig DiMenna Associates LLC lifted its holdings 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 valued at $25,299,000 after buying an additional 329,275 shares during the period. Trexquant Investment LP acquired a new position in Talos Energy during the third quarter worth $1,850,000. Assenagon Asset Management S.A. bought a new position in Talos Energy during the third quarter worth about $1,168,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in Talos Energy during the 3rd quarter worth approximately $1,029,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.