Stifel Nicolaus Cuts Talos Energy (NYSE:TALO) Price Target to $22.00

Talos Energy (NYSE:TALO – Get Rating) had its target price dropped by equities researchers at Stifel Nicolaus from $24.00 to $22.00 in a note issued to investors on Friday, The Fly reports. Stifel Nicolaus’ target price indicates a potential upside of 82.27% from the stock’s previous close.

Several other research analysts have also weighed in on TALO. KeyCorp lifted their price objective on shares of Talos Energy from $18.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, April 21st. Roth Capital reaffirmed a “buy” rating on shares of Talos Energy in a research note on Tuesday, February 28th. TheStreet lowered shares of Talos Energy from a “b-” rating to a “c” rating in a research note on Tuesday, February 28th. Stephens began coverage on shares of Talos Energy in a research note on Monday, April 24th. They issued an “overweight” rating and a $21.00 price target on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $40.00 price target on shares of Talos Energy in a research note on Friday, March 24th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $25.40.

Talos Energy Stock Up 0.3 %

Shares of NYSE TALO opened at $12.07 on Friday. The firm’s 50-day moving average is $13.51 and its 200-day moving average is $17.09. Talos Energy has a 1 year low of $10.69 and a 1 year high of $25.49. The firm has a market capitalization of $1.52 billion, a PE ratio of 1.95 and a beta of 2.21. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.47.

Talos Energy (NYSE:TALO – Get Rating) last released its quarterly earnings data on Tuesday, February 28th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.42). Talos Energy had a return on equity of 12.36% and a net margin of 34.48%. The firm had revenue of $342.20 million for the quarter, compared to the consensus estimate of $350.00 million. Equities analysts expect that Talos Energy will post 1.3 EPS for the current year.

Insider Activity

In other news, major shareholder Bcc Enven Investments (S), L.P sold 363,804 shares of Talos Energy stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $14.50, for a total value of $5,275,158.00. Following the sale, the insider now directly owns 15,145,377 shares in the company, valued at $219,607,966.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by corporate insiders.

Institutional Trading of Talos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in TALO. Swiss National Bank raised its holdings in shares of Talos Energy by 8.1% in the first quarter. Swiss National Bank now owns 67,800 shares of the company’s stock valued at $1,071,000 after purchasing an additional 5,100 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Talos Energy by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 361,491 shares of the company’s stock worth $5,707,000 after buying an additional 5,793 shares during the last quarter. US Bancorp DE increased its holdings in Talos Energy by 39.2% during the first quarter. US Bancorp DE now owns 2,811 shares of the company’s stock worth $44,000 after buying an additional 791 shares during the last quarter. HighTower Advisors LLC acquired a new position in Talos Energy during the first quarter worth $287,000. Finally, Citigroup Inc. increased its holdings in Talos Energy by 29.6% during the first quarter. Citigroup Inc. now owns 108,919 shares of the company’s stock worth $1,720,000 after buying an additional 24,869 shares during the last quarter. 96.24% of the stock is currently owned by institutional investors and hedge funds.

About Talos Energy

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Talos Energy, Inc operates as a holding company. The firm engages in the exploration and production of oil and natural gas. It focuses on the exploration, acquisition, exploitation and development of shallow and deepwater assets near existing infrastructure in the United State Gulf of Mexico. The company was founded by John A.