JPMorgan Chase & Co. Initiates Coverage on Talos Energy (NYSE:TALO)

Equities researchers at JPMorgan Chase & Co. started coverage on shares of Talos Energy (NYSE:TALO) in a report released on Thursday, MarketBeat reports. The brokerage set a “neutral” rating and a $12.00 price target on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 21.46% from the stock’s previous close.

Several other analysts have also commented on the company. Benchmark reaffirmed a “buy” rating and set a $20.00 target price on shares of Talos Energy in a report on Tuesday, November 12th. KeyCorp lowered their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Mizuho assumed coverage on shares of Talos Energy in a report on Thursday, September 19th. They set an “outperform” rating and a $16.00 target price for the company. Citigroup boosted their target price on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, BMO Capital Markets dropped their price target 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.50.

Talos Energy Stock Performance

Shares of NYSE TALO opened at $9.88 on Thursday. The company has a 50 day simple moving average of $10.82 and a two-hundred day simple moving average of $11.17. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 18.30 and a beta of 1.92. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy has a 12 month low of $9.44 and a 12 month high of $14.77.

Talos Energy (NYSE:TALO) last posted its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The business had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share. As a group, analysts predict that Talos Energy will post -0.35 earnings per share for the current year.

Insider Buying and Selling at Talos Energy

In other news, insider Control Empresarial De Capital bought 100,000 shares of Talos Energy stock in a transaction on Friday, September 27th. The stock was acquired at an average price of $10.31 per share, with a total value of $1,031,000.00. Following the completion of the acquisition, the insider now directly owns 43,545,604 shares of the company’s stock, valued at $448,955,177.24. The trade was a 0.23 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.77% of the company’s stock.

Institutional Trading of Talos Energy

A number of institutional investors have recently made changes to their positions in TALO. Barclays PLC lifted its holdings in Talos Energy by 21.9% in the 3rd quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock valued at $12,149,000 after purchasing an additional 210,687 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Talos Energy by 280.7% in the third quarter. XTX Topco Ltd now owns 46,089 shares of the company’s stock worth $477,000 after buying an additional 33,984 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new position in Talos Energy during the third quarter worth about $31,000. Weiss Asset Management LP grew its stake in Talos Energy by 103.0% during the 3rd quarter. Weiss Asset Management LP now owns 263,489 shares of the company’s stock valued at $2,727,000 after acquiring an additional 133,714 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in Talos Energy by 40.6% during the 3rd quarter. Stifel Financial Corp now owns 107,438 shares of the company’s stock valued at $1,112,000 after acquiring an additional 31,010 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

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.