Talos Energy (NYSE:TALO) Given New $14.50 Price Target at Citigroup

Talos Energy (NYSE:TALO) had its target price upped by Citigroup from $12.50 to $14.50 in a report released on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. Mizuho assumed coverage on Talos Energy in a research report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price objective on the stock. The Goldman Sachs Group started coverage on Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 target price on the stock. KeyCorp dropped 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. Benchmark reiterated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. Finally, BMO Capital Markets dropped their target price on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.45.

Talos Energy Trading Down 3.3 %

Talos Energy stock opened at $11.28 on Thursday. Talos Energy has a 12-month low of $9.44 and a 12-month high of $14.80. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 20.89 and a beta of 1.92. The firm has a 50 day moving average of $10.79 and a 200 day moving average of $11.33. 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 announced its quarterly earnings data on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm had revenue of $509.29 million during the quarter, compared to analysts’ expectations of $504.44 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, research analysts predict that Talos Energy will post -0.2 earnings per share for the current year.

Insider Buying and Selling at Talos Energy

In related news, insider Control Empresarial De Capital bought 323,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of $10.84 per share, for a total transaction of $3,501,320.00. Following the acquisition, the insider now owns 42,858,904 shares in the company, valued at $464,590,519.36. This trade represents a 0.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired 1,220,000 shares of company stock worth $13,135,560 over the last 90 days. 0.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Virtus Investment Advisers Inc. bought a new stake in shares of Talos Energy in the 3rd quarter worth about $31,000. Signaturefd LLC raised its position in Talos Energy by 51.9% in the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after purchasing an additional 917 shares during the period. US Bancorp DE raised its position in Talos Energy by 113.3% in the 3rd 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. Headlands Technologies LLC bought a new stake in Talos Energy in the first quarter worth about $50,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Talos Energy by 91.1% during the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after buying an additional 2,235 shares during the period. Institutional investors own 89.35% of the company’s stock.

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.