Talos Energy (NYSE:TALO) Earns Buy Rating from Analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell

Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of Talos Energy (NYSE:TALO) in a research note published on Tuesday morning, Price Targets.com reports. The firm issued a buy rating and a $19.00 target price on the stock.

A number of other equities research analysts also recently weighed in on TALO. Zacks Investment Research raised shares of Talos Energy from a sell rating to a hold rating in a research note on Thursday, February 18th. Roth Capital lifted their price target on shares of Talos Energy from $13.00 to $18.00 and gave the stock a buy rating in a research note on Monday, May 3rd. Finally, Citigroup initiated coverage on shares of Talos Energy in a research note on Tuesday. They set a buy rating on the stock. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $15.71.

Shares of TALO stock opened at $16.40 on Tuesday. The firm has a 50-day moving average price of $12.88. The stock has a market capitalization of $1.34 billion, a P/E ratio of -1.63 and a beta of 3.34. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.61 and a current ratio of 0.61. Talos Energy has a one year low of $5.39 and a one year high of $17.14.

Talos Energy (NYSE:TALO) last issued its earnings results on Wednesday, May 5th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.17). Talos Energy had a negative return on equity of 11.97% and a negative net margin of 111.57%. On average, equities research analysts predict that Talos Energy will post -0.69 earnings per share for the current year.

In related news, major shareholder Apollo Management Holdings Gp, sold 3,664 shares of Talos Energy stock in a transaction on Monday, May 24th. The shares were sold at an average price of $14.01, for a total value of $51,332.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold 469,198 shares of company stock worth $7,007,390 in the last 90 days. Company insiders own 0.43% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TALO. Comerica Bank boosted its holdings in shares of Talos Energy by 5.1% during the 4th quarter. Comerica Bank now owns 25,202 shares of the company’s stock valued at $245,000 after buying an additional 1,227 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Talos Energy during the 4th quarter valued at $145,000. Victory Capital Management Inc. boosted its holdings in shares of Talos Energy by 3.5% during the 4th quarter. Victory Capital Management Inc. now owns 99,499 shares of the company’s stock valued at $820,000 after buying an additional 3,408 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Talos Energy by 10.7% during the 4th quarter. GSA Capital Partners LLP now owns 110,212 shares of the company’s stock valued at $908,000 after buying an additional 10,666 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Talos Energy during the 4th quarter valued at $105,000. Institutional investors and hedge funds own 92.72% of the company’s stock.

Talos Energy Company Profile

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2020, the company had proved reserves of 163.0 million barrels of oil equivalent, consisting of 109,307 thousand barrels of crude oil, 257,208 million cubic feet of natural gas, and 10,858 thousand barrels of crude oil.

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Analyst Recommendations for Talos Energy (NYSE:TALO)

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