Talos Energy (NYSE:TALO) Receives New Coverage from Analysts at Stephens
oil and gas exploration company's stock. Stephens has started coverage on Talos Energy with an "overweight" rating.
The stock was rated 'overweight by the firm.
TALO was the subject of a few other reports. KeyCorp raised their price target for Talos Energy to $21.00 in a Friday research note. They also gave the stock a 'overweight rating'. Stifel Nicolaus lowered their price target on Talos Energy to $22.00 from $26.00 in a Thursday, March 30, research note. They also gave the stock a buy' rating. Benchmark reiterated a buy' rating on Talos Energy shares and set a $40.00 target price in a research report on Friday, 24th March. TheStreet has downgraded Talos Energy's rating from 'b+' to 'c+' in a report published on February 28th. Roth Capital reiterated its 'buy rating' on Talos Energy shares in a report published on February 28th. During Monday's mid-day trade, the stock fell $0.08 to $13.75. Stock traded 1,390473 shares compared to the average of 1,582 607 shares. The company has a moving average of $15.17 for the last 50 days and $18.20 for the past 200. The market cap of the stock is $1.73 billion. It has a P/E of 3.03, and a beta value of 2.21. Talos Energy's low for the past year was $11.67, and its high for that year was $25.49. The debt-to equity ratio for the company is 0.50. Its quick ratio is 0.61, and its current ratio 0.61.
The company released its last earnings report on February 28th. The company's $0.15 per share earnings for the third quarter fell short of analysts' expectations ($0.57) by $0.42. Revenue for the firm was $342.20 millions during the quarter compared with the consensus estimate. Talos Energy's return on equity was 23.32%, and its net margin was 23.12%. Analysts expect Talos Energy to post 2.63 earnings-per-share for the current fiscal year.
Insiders Bet on the Future
Other Talos Energy news: Major shareholder Bcc Enven Investments, L.P. sold 363,804 of the company stock in a deal dated April 20th. The stock was bought at an average price $14.50 for a value of $5,275 158.00. After the sale was completed, the insider owns 15,145.377 shares of the company valued at $219.607,966.50. Insiders of the company own 0.79%.
Institutional Trading of Talos Energy
Hedge funds and institutional investors have recently increased or decreased their stakes. Investment Advisory Services Inc. TX ADV bought a new Talos Energy position during the first quarter valued at around $1,870,000. Ahrens Investment Partners LLC bought a new Talos Energy position during the first quarter worth approximately $60,000. ETF Managers Group LLC bought a new Talos Energy position during the first quarter worth approximately $69,000. Allspring Global Investments Holdings LLC increased its Talos Energy holdings by 5.9% in the first quarter. Allspring Global Investments Holdings LLC owns 199.140 shares of Talos Energy stock, valued at $2.955,000, after purchasing an additional 11,090 in the last quarter. SummerHaven Investment Management LLC increased its Talos Energy holdings by 1.9% in the first quarter. SummerHaven Investment Management LLC owns 58.212 shares worth $864,000, after purchasing an additional 1,067 in the previous quarter. Institutional investors hold 96.24% the company's shares.
Talos Energy Company Profile
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Talos Energy, Inc is a holding firm. The company is involved in oil and gas exploration and production. It is primarily focused on exploration, acquisition and development of shallow- and deepwater assets in close proximity to existing infrastructure within the United States Gulf of Mexico. John A. founded the company.
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