Talos Energy (NYSE:TALO) PT Raised to $21.00 at KeyCorp

Talos Energy (NYSE:TALO) had its price objective raised by KeyCorp from $20.00 to $21.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 52.78% from the stock’s previous close.

A number of other brokerages have also weighed in on TALO. Citigroup assumed coverage on Talos Energy in a research note on Friday, March 22nd. They set a “buy” rating and a $16.50 price target on the stock. Benchmark reissued a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research note on Friday, April 12th. Stifel Nicolaus reissued a “buy” rating and set a $17.00 price target (down previously from $20.00) on shares of Talos Energy in a research note on Friday, March 22nd. Finally, TheStreet lowered Talos Energy from a “b-” rating to a “c+” rating in a research note on Tuesday, March 19th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talos Energy has an average rating of “Buy” and a consensus price target of $21.19.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $13.75 on Monday. The business’s fifty day moving average price is $13.37 and its two-hundred day moving average price is $13.81. The stock has a market cap of $2.53 billion, a PE ratio of 8.48 and a beta of 2.01. 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 has a one year low of $10.69 and a one year high of $17.59.

Talos Energy (NYSE:TALO) last announced its earnings results on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.26). The company had revenue of $384.96 million for the quarter, compared to analyst estimates of $386.90 million. Talos Energy had a net margin of 12.85% and a return on equity of 0.76%. On average, analysts forecast that Talos Energy will post -0.05 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 468,729 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of $12.77 per share, with a total value of $5,985,669.33. Following the transaction, the insider now owns 35,216,510 shares of the company’s stock, valued at approximately $449,714,832.70. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.98% of the company’s stock.

Institutional Trading of Talos Energy

Several large investors have recently added to or reduced their stakes in TALO. Quadrant Capital Group LLC grew its stake in shares of Talos Energy by 44.3% during the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after acquiring an additional 1,731 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Talos Energy by 13.2% during the third quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock valued at $127,000 after acquiring an additional 903 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Talos Energy during the first quarter valued at about $147,000. Laurion Capital Management LP acquired a new stake in shares of Talos Energy during the third quarter valued at about $268,000. Finally, Teza Capital Management LLC acquired a new stake in shares of Talos Energy during the third quarter valued at about $274,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.