Citigroup Increases Talos Energy (NYSE:TALO) Price Target to $14.50

Talos Energy (NYSE:TALO) had its target price boosted by equities research analysts at Citigroup from $12.50 to $14.50 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 24.89% from the company’s previous close.

Several other brokerages also recently weighed in on TALO. KeyCorp cut their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a report on Tuesday. Mizuho began coverage on shares of Talos Energy in a research report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price target on the stock. BMO Capital Markets decreased their price objective on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Finally, The Goldman Sachs Group started coverage on shares of Talos Energy in a research report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target on the stock. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.45.

Talos Energy Stock Performance

TALO traded down $0.18 on Thursday, reaching $11.61. The stock had a trading volume of 939,989 shares, compared to its average volume of 2,135,089. The business’s 50-day moving average price is $10.77 and its two-hundred day moving average price is $11.36. Talos Energy has a 12-month low of $9.44 and a 12-month high of $15.17. The company has a market cap of $2.09 billion, a P/E ratio of 21.43 and a beta of 1.92. The company has a current ratio of 0.97, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The business 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 was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Sell-side analysts forecast that Talos Energy will post -0.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital purchased 547,000 shares of Talos Energy stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $10.92 per share, with a total value of $5,973,240.00. Following the completion of the transaction, the insider now directly owns 40,685,904 shares in the company, valued at approximately $444,290,071.68. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 1,220,000 shares of company stock valued at $13,135,560 in the last ninety days. 0.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Talos Energy

Large investors have recently bought and sold shares of the stock. Signaturefd LLC increased its holdings in Talos Energy by 51.9% in the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after buying an additional 917 shares during the period. US Bancorp DE raised its holdings in Talos Energy by 113.3% during the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after buying an additional 1,827 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Talos Energy in the first quarter valued at approximately $50,000. Nisa Investment Advisors LLC raised its holdings in shares of Talos Energy by 91.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after purchasing an additional 2,235 shares during the last quarter. Finally, Sandia Investment Management LP bought a new position in shares of Talos Energy in the first quarter valued at $70,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

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.