Stephens set a $37.00 price objective on Talos Energy (NYSE:TALO) in a research note published on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also weighed in on TALO. Zacks Investment Research raised Talos Energy from a hold rating to a buy rating and set a $33.00 price objective on the stock in a research note on Wednesday, April 24th. Northland Securities reissued a buy rating and set a $40.00 price target on shares of Talos Energy in a research report on Tuesday, April 16th. ValuEngine raised Talos Energy from a strong sell rating to a sell rating in a research report on Friday, March 1st. Finally, Guggenheim started coverage on Talos Energy in a research report on Monday, February 11th. They set a buy rating and a $38.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $40.17.

Shares of NYSE TALO traded down $2.25 during midday trading on Wednesday, hitting $24.57. The stock had a trading volume of 1,317 shares, compared to its average volume of 243,606. The firm has a market capitalization of $1.41 billion, a P/E ratio of 9.24 and a beta of 1.66. Talos Energy has a 1-year low of $14.60 and a 1-year high of $37.64.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.24. The business had revenue of $178.71 million for the quarter, compared to analyst estimates of $178.06 million. Talos Energy had a return on equity of 2.83% and a net margin of 14.59%. On average, equities analysts expect that Talos Energy will post 3.04 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. SG3 Management LLC purchased a new stake in Talos Energy during the 1st quarter worth approximately $64,000. BNP Paribas Arbitrage SA increased its holdings in shares of Talos Energy by 52,525.0% during the first quarter. BNP Paribas Arbitrage SA now owns 4,210 shares of the company’s stock worth $112,000 after buying an additional 4,202 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Talos Energy during the first quarter worth $175,000. Metropolitan Life Insurance Co. NY increased its holdings in shares of Talos Energy by 352.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,403 shares of the company’s stock worth $121,000 after buying an additional 5,765 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Talos Energy during the first quarter worth $201,000. 97.11% of the stock is currently owned by hedge funds and other institutional investors.

About Talos Energy

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.

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Analyst Recommendations for Talos Energy (NYSE:TALO)

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