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

Stephens restated their overweight rating on shares of Talos Energy (NYSE:TALO) in a report issued on Monday morning, Benzinga reports. The brokerage currently has a $26.00 target price on the stock.

Several other equities research analysts have also recently weighed in on the stock. Citigroup started coverage on shares of Talos Energy in a research report on Friday, March 22nd. They set a buy rating and a $16.50 price target for the company. KeyCorp increased their price target on shares of Talos Energy from $20.00 to $21.00 and gave the stock an overweight rating in a research note on Monday. TheStreet lowered shares of Talos Energy from a b- rating to a c+ rating in a research note on Tuesday, March 19th. Stifel Nicolaus restated a buy rating and set a $17.00 price objective (down from $20.00) on shares of Talos Energy in a research note on Friday, March 22nd. Finally, Benchmark restated a buy rating and set a $20.00 price objective on shares of Talos Energy in a research note on Friday, April 12th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of $21.19.

Talos Energy Price Performance

Shares of Talos Energy stock opened at $13.79 on Monday. Talos Energy has a 52-week low of $10.69 and a 52-week high of $17.59. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 8.51 and a beta of 2.01. The company has a fifty day moving average of $13.42 and a 200-day moving average of $13.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.73.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.26). Talos Energy had a net margin of 12.85% and a return on equity of 0.76%. The business had revenue of $384.96 million during the quarter, compared to analysts’ expectations of $386.90 million. Equities research analysts expect that Talos Energy will post -0.04 EPS for the current year.

Insider Transactions at Talos Energy

In related news, insider Control Empresarial De Capital purchased 468,729 shares of Talos Energy stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average cost of $12.77 per share, for a total transaction of $5,985,669.33. Following the completion of the purchase, the insider now directly owns 35,216,510 shares of the company’s stock, valued at approximately $449,714,832.70. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently made changes to their positions in TALO. Dimensional Fund Advisors LP boosted its holdings in shares of Talos Energy by 11.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock worth $89,474,000 after buying an additional 669,552 shares during the last quarter. Sourcerock Group LLC boosted its holdings in shares of Talos Energy by 9.7% in the third quarter. Sourcerock Group LLC now owns 6,274,940 shares of the company’s stock worth $103,160,000 after buying an additional 552,423 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Talos Energy by 17.2% in the third quarter. Canada Pension Plan Investment Board now owns 3,400,000 shares of the company’s stock worth $55,896,000 after buying an additional 500,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Talos Energy by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 7,920,081 shares of the company’s stock worth $112,703,000 after buying an additional 332,489 shares during the last quarter. Finally, Zweig DiMenna Associates LLC lifted its holdings in Talos Energy by 27.2% during the third quarter. Zweig DiMenna Associates LLC now owns 1,538,897 shares of the company’s stock valued at $25,299,000 after purchasing an additional 329,275 shares in the last quarter. Hedge funds and other institutional investors 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.