Talos Energy’s (TALO) “Overweight” Rating Reiterated at Stephens

Stephens restated their overweight rating on shares of Talos Energy (NYSE:TALO) in a research note released on Wednesday morning, Benzinga reports. They currently have a $24.00 target price on the stock.

A number of other research analysts have also recently issued reports on the stock. TheStreet cut shares of Talos Energy from a b- rating to a c+ rating in a research report on Tuesday, March 19th. Benchmark restated a buy rating and issued a $20.00 price target on shares of Talos Energy in a research note on Friday, June 21st. KeyCorp raised their price objective on Talos Energy from $20.00 to $21.00 and gave the company an overweight rating in a research report on Monday, April 22nd. Stifel Nicolaus boosted their target price on Talos Energy from $17.00 to $19.00 and gave the stock a buy rating in a report on Tuesday, April 23rd. Finally, Citigroup began coverage on Talos Energy in a report on Friday, March 22nd. They set a buy rating and a $16.50 price target for the company. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Talos Energy currently has an average rating of Buy and an average price target of $20.94.

Talos Energy Price Performance

Shares of Talos Energy stock opened at $11.98 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 0.78. Talos Energy has a 52-week low of $10.10 and a 52-week high of $17.59. The company has a fifty day moving average of $11.63 and a 200-day moving average of $12.74. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 171.07 and a beta of 1.95.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.13. Talos Energy had a negative net margin of 0.96% and a negative return on equity of 0.16%. The business had revenue of $429.93 million for the quarter, compared to the consensus estimate of $404.00 million. Equities research analysts expect that Talos Energy will post -0.11 EPS for the current year.

Insider Activity

In other news, insider Control Empresarial De Capital acquired 300,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were acquired at an average price of $10.80 per share, for a total transaction of $3,240,000.00. Following the completion of the transaction, the insider now directly owns 37,972,904 shares of the company’s stock, valued at approximately $410,107,363.20. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased 650,000 shares of company stock valued at $7,262,500 in the last ninety days. Insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TALO. Headlands Technologies LLC bought a new position in Talos Energy during the 1st quarter worth about $50,000. Sandia Investment Management LP purchased a new stake in shares of Talos Energy in the 1st quarter worth approximately $70,000. Quadrant Capital Group LLC boosted its stake in shares of Talos Energy by 44.3% during the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after purchasing an additional 1,731 shares in the last quarter. Norden Group LLC purchased a new position in Talos Energy during the first quarter valued at approximately $147,000. Finally, Ameritas Investment Partners Inc. raised its stake in Talos Energy by 23.4% in the first quarter. Ameritas Investment Partners Inc. now owns 13,717 shares of the company’s stock worth $191,000 after buying an additional 2,600 shares in the last quarter. 89.35% of the stock is currently 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.