Stephens Reaffirms “Overweight” Rating for Talos Energy (NYSE:TALO)

Talos Energy (NYSE:TALO)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a note issued to investors on Thursday,Benzinga reports. They presently have a $21.00 price target on the stock. Stephens’ price target indicates a potential upside of 92.61% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. BMO Capital Markets decreased their price objective on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. KeyCorp lowered their price objective on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. Citigroup increased their target price on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Talos Energy in a report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.94.

Talos Energy Stock Down 1.0 %

Shares of NYSE:TALO opened at $10.90 on Thursday. The firm has a fifty day moving average price of $10.45 and a two-hundred day moving average price of $10.89. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 20.19 and a beta of 1.91. 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 has a one year low of $8.89 and a one year high of $14.67.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data 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). The business had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. Talos Energy’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. Analysts anticipate that Talos Energy will post -0.35 EPS for the current fiscal year.

Institutional Trading of Talos Energy

Several large investors have recently bought and sold shares of the company. Everence Capital Management Inc. lifted its stake in shares of Talos Energy by 8.6% in the 3rd quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock valued at $228,000 after purchasing an additional 1,740 shares during the period. US Bancorp DE raised its holdings in Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after purchasing an additional 1,827 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Talos Energy by 2.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 111,892 shares of the company’s stock valued at $1,086,000 after buying an additional 2,192 shares during the period. Virtus Investment Advisers Inc. bought a new stake in shares of Talos Energy during the 3rd quarter valued at $31,000. Finally, State of New Jersey Common Pension Fund D grew its position in shares of Talos Energy by 2.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 167,249 shares of the company’s stock worth $1,731,000 after buying an additional 3,961 shares during the period. 89.35% of the stock is owned by institutional investors.

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.