Citigroup Forecasts Strong Price Appreciation for Talos Energy (NYSE:TALO) Stock

Talos Energy (NYSE:TALO) had its price objective lifted by Citigroup from $12.50 to $14.50 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 24.89% from the company’s previous close.

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

Talos Energy Stock Down 1.5 %

TALO stock traded down $0.18 during midday trading on Thursday, reaching $11.61. 939,989 shares of the company were exchanged, compared to its average volume of 2,135,089. The stock’s 50-day simple moving average is $10.77 and its 200 day simple moving average is $11.36. Talos Energy has a 1-year low of $9.44 and a 1-year high of $15.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 0.97. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 21.43 and a beta of 1.92.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $504.44 million. During the same period last year, the firm earned $0.14 EPS. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. On average, equities analysts forecast that Talos Energy will post -0.2 earnings per share for the current year.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital acquired 323,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of $10.84 per share, with a total value of $3,501,320.00. Following the purchase, the insider now directly owns 42,858,904 shares of the company’s stock, valued at $464,590,519.36. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders bought 1,220,000 shares of company stock worth $13,135,560. 0.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Talos Energy by 23.7% during the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after buying an additional 1,873,537 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Talos Energy by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock valued at $79,545,000 after acquiring an additional 179,181 shares in the last quarter. Invesco Senior Secured Management Inc. ADV bought a new stake in shares of Talos Energy during the first quarter valued at approximately $77,977,000. American Century Companies Inc. grew its position in Talos Energy by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock worth $36,236,000 after purchasing an additional 619,169 shares during the period. Finally, HITE Hedge Asset Management LLC grew its position in Talos Energy by 78.0% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock worth $30,939,000 after purchasing an additional 1,116,241 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.