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

Talos Energy (NYSE:TALO) had its target price raised by equities researchers at KeyCorp from $20.00 to $21.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 52.78% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup began coverage on shares of Talos Energy in a report on Friday, March 22nd. They issued a “buy” rating and a $16.50 price objective for the company. TheStreet cut shares of Talos Energy from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. Benchmark restated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Friday, April 12th. Finally, Stifel Nicolaus restated a “buy” rating and set a $17.00 price target (down from $20.00) on shares of Talos Energy in a report on Friday, March 22nd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $21.19.

Talos Energy Trading Up 1.3 %

Shares of NYSE:TALO opened at $13.75 on Monday. The stock has a market capitalization of $2.53 billion, a PE ratio of 8.48 and a beta of 2.01. Talos Energy has a 1 year low of $10.69 and a 1 year high of $17.59. The firm has a fifty day moving average price of $13.37 and a 200 day moving average price of $13.81. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.26). The business had revenue of $384.96 million during the quarter, compared to the consensus estimate of $386.90 million. Talos Energy had a return on equity of 0.76% and a net margin of 12.85%. Analysts expect that Talos Energy will post -0.05 EPS for the current fiscal year.

Insider Activity at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital purchased 468,729 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $12.77 per share, with a total value of $5,985,669.33. Following the completion of the transaction, the insider now directly owns 35,216,510 shares of the company’s stock, valued at approximately $449,714,832.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its position in Talos Energy by 44.3% in the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after purchasing an additional 1,731 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Talos Energy by 13.2% in the third quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock worth $127,000 after purchasing an additional 903 shares in the last quarter. Norden Group LLC acquired a new position in Talos Energy in the first quarter worth about $147,000. Laurion Capital Management LP acquired a new position in Talos Energy in the third quarter worth about $268,000. Finally, Teza Capital Management LLC acquired a new stake in shares of Talos Energy during the third quarter worth approximately $274,000. 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.