Talos Energy (NYSE:TALO) Given “Overweight” Rating at Stephens

Stephens reaffirmed their overweight rating on shares of Talos Energy (NYSE:TALO) in a report published on Thursday,Benzinga reports. They currently have a $21.00 price target on the stock.

A number of other equities analysts have also recently issued reports on TALO. Citigroup lifted their target price on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. BMO Capital Markets cut their price objective 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. KeyCorp decreased their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. Finally, Mizuho reduced their price target on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.94.

Talos Energy Price Performance

NYSE TALO opened at $11.02 on Thursday. Talos Energy has a 12 month low of $8.89 and a 12 month high of $14.67. The firm has a market capitalization of $1.98 billion, a PE ratio of 20.40 and a beta of 1.91. The company’s 50 day simple moving average is $10.47 and its 200 day simple moving average is $10.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97.

Talos Energy (NYSE:TALO) last issued 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 net margin of 3.95% and a negative return on equity of 1.98%. The firm had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. During the same quarter last year, the business posted $0.14 earnings per share. The firm’s revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, equities research analysts forecast that Talos Energy will post -0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in 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. Edgestream Partners L.P. bought a new position in shares of Talos Energy during the 2nd quarter valued at $812,000. Amalgamated Bank lifted its stake in shares of Talos Energy by 12.2% in the 2nd quarter. Amalgamated Bank now owns 47,163 shares of the company’s stock valued at $573,000 after purchasing an additional 5,123 shares during the last quarter. Sei Investments Co. boosted its holdings in Talos Energy by 1.6% in the second quarter. Sei Investments Co. now owns 266,450 shares of the company’s stock worth $3,237,000 after purchasing an additional 4,115 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Talos Energy by 11.0% during the second quarter. Thrivent Financial for Lutherans now owns 129,778 shares of the company’s stock worth $1,577,000 after buying an additional 12,842 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

About Talos Energy

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.