Talos Energy (NYSE:TALO) Price Target Raised to $21.00 at KeyCorp
by Danessa Lincoln · The Markets DailyTalos Energy (NYSE:TALO – Get Free Report) had its price target boosted by equities researchers at KeyCorp from $15.00 to $21.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective suggests a potential upside of 40.51% from the company’s current price.
Several other research firms have also recently weighed in on TALO. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Wall Street Zen cut Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Citigroup raised their price target on Talos Energy from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday. Mizuho upped their price objective on Talos Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Finally, Benchmark lowered Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.50.
Check Out Our Latest Report on TALO
Talos Energy Stock Performance
Shares of TALO opened at $14.95 on Thursday. Talos Energy has a 12-month low of $6.23 and a 12-month high of $17.00. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. The company has a market cap of $2.52 billion, a PE ratio of -5.26 and a beta of 0.54. The stock has a 50-day moving average price of $13.32 and a 200-day moving average price of $11.48.
Talos Energy (NYSE:TALO – Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.17). The company had revenue of $392.24 million during the quarter, compared to the consensus estimate of $431.22 million. Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.The firm’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same quarter last year, the company posted $0.08 earnings per share. As a group, equities analysts forecast that Talos Energy will post -0.44 earnings per share for the current fiscal year.
Institutional Trading of Talos Energy
Several institutional investors have recently added to or reduced their stakes in TALO. Mercer Global Advisors Inc. ADV purchased a new position in shares of Talos Energy in the fourth quarter worth about $130,000. Empowered Funds LLC boosted its holdings in Talos Energy by 11.6% during the 4th quarter. Empowered Funds LLC now owns 1,114,905 shares of the company’s stock valued at $12,286,000 after acquiring an additional 115,864 shares during the period. XTX Topco Ltd bought a new position in Talos Energy during the 4th quarter worth approximately $187,000. Zacks Investment Management bought a new position in Talos Energy during the 4th quarter worth approximately $123,000. Finally, Numerai GP LLC increased its stake in Talos Energy by 259.9% in the 4th quarter. Numerai GP LLC now owns 176,837 shares of the company’s stock worth $1,949,000 after purchasing an additional 127,703 shares during the period. 89.35% of the stock is currently owned by hedge funds and other institutional investors.
About Talos Energy
Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.
Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.