Talos Energy (NYSE:TALO) Price Target Raised to $21.00

Talos Energy (NYSE:TALO) had its target price hoisted by Citigroup from $18.00 to $21.00 in a report issued on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Monday, September 7th. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. KeyCorp raised their target price on Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 15th. Finally, Stephens reiterated an “overweight” rating and issued a $20.00 target price on shares of Talos Energy in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Talos Energy presently has an average rating of “Moderate Buy” and an average price target of $19.43.

Talos Energy Trading Up 4.4%

NYSE:TALO opened at $17.73 on Thursday. The firm’s fifty day moving average is $16.85 and its 200-day moving average is $15.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. Talos Energy has a 52 week low of $8.97 and a 52 week high of $18.73. The firm has a market cap of $2.96 billion, a P/E ratio of -7.45 and a beta of 0.42.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. During the same quarter in the previous year, the business earned ($0.27) earnings per share. Talos Energy’s revenue for the quarter was up 56.5% on a year-over-year basis. Equities analysts expect that Talos Energy will post 1.73 earnings per share for the current year.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital sold 265,446 shares of the company’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $17.30, for a total transaction of $4,592,215.80. Following the transaction, the insider owned 29,393,590 shares in the company, valued at approximately $508,509,107. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Moss, III sold 120,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $17.32, for a total transaction of $2,078,400.00. Following the transaction, the insider owned 305,117 shares in the company, valued at $5,284,626.44. This represents a 28.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 11,337,753 shares of company stock valued at $197,049,515. 0.51% of the stock is currently owned by company insiders.

Institutional Trading of Talos Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TALO. Fortitude Family Office LLC boosted its holdings in Talos Energy by 8,502.0% in the third quarter. Fortitude Family Office LLC now owns 4,387 shares of the company’s stock worth $72,000 after acquiring an additional 4,336 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Talos Energy in the second quarter valued at approximately $63,000. Farther Finance Advisors LLC increased its holdings in shares of Talos Energy by 317.7% during the third quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock valued at $148,000 after acquiring an additional 6,885 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Talos Energy during the second quarter valued at approximately $138,000. Finally, Corient Private Wealth LP acquired a new position in shares of Talos Energy during the second quarter worth approximately $161,000. 89.35% of the stock is owned by institutional investors.

About Talos Energy

Talos Energy Inc is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company focuses on offshore assets in the U.S. Gulf of Mexico, where it operates and holds interests in producing fields and prospective exploration acreage.

Talos uses seismic data, drilling and reservoir-management techniques to identify and develop hydrocarbon resources. Its operations are concentrated in the Gulf of Mexico region, with activities spanning exploration, field development, production and related infrastructure.

Founded in 2012, Talos became a publicly traded company in 2018 through its combination with Stone Energy Corporation.