Citigroup Issues Positive Forecast for Talos Energy (NYSE:TALO) Stock Price

by · The Markets Daily

Talos Energy (NYSE:TALO – Get Free Report) had its target price hoisted by Citigroup from $18.00 to $21.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 24.11% from the company’s previous close.

TALO has been the subject of several other research reports. Weiss Ratings cut Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Zacks Research raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Stephens reaffirmed an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Wednesday, July 1st. KeyCorp upped their price objective on shares of Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 15th. Finally, Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Talos Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.43.

View Our Latest Stock Report on Talos Energy

Talos Energy Stock Down 0.6%

TALO stock traded down $0.11 during midday trading on Thursday, hitting $16.92. The company’s stock had a trading volume of 1,839,075 shares, compared to its average volume of 2,187,641. The company has a market cap of $2.83 billion, a PE ratio of -7.09 and a beta of 0.42. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy has a 12 month low of $8.97 and a 12 month high of $18.73. The firm’s 50-day moving average is $16.72 and its 200-day moving average is $15.44.

Talos Energy (NYSE:TALO – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.21. The firm had revenue of $664.81 million for the quarter, compared to analysts’ expectations of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The company’s revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) EPS. On average, equities research analysts forecast that Talos Energy will post 1.40 earnings per share for the current fiscal year.

Insider Activity at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital sold 2,200,000 shares of Talos Energy stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $17.25, for a total transaction of $37,950,000.00. Following the completion of the sale, the insider owned 32,359,036 shares of the company’s stock, valued at approximately $558,193,371. The trade was a 6.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gregory Babcock sold 61,307 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $16.74, for a total value of $1,026,279.18. Following the sale, the insider owned 84,509 shares in the company, valued at approximately $1,414,680.66. The trade was a 42.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,372,307 shares of company stock worth $145,180,299 in the last quarter. 0.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently modified their holdings of TALO. BlackRock Inc. purchased a new stake in shares of Talos Energy in the 2nd quarter valued at $256,801,000. Canada Pension Plan Investment Board purchased a new stake in shares of Talos Energy in the second quarter worth about $51,874,000. Webs Creek Capital Management LP purchased a new position in Talos Energy during the second quarter valued at approximately $27,039,375. Empowered Funds LLC purchased a new position in Talos Energy during the second quarter valued at approximately $16,280,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Talos Energy during the second quarter valued at approximately $12,875,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Company Profile

(Get Free Report)

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.

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