Talos Energy Receives Overweight Rating from Capital One Analyst with $14 Price Target

Capital One analyst Brian Velie has initiated coverage on Talos Energy (TALO) with an Overweight rating and a price target of $14. The average target price for TALO is $12.70, with a high estimate of $20.00 and a low estimate of $9.00, indicating a 35.83% upside from the current price of $9.35. Talos Energy reported record production of 109,000 barrels of oil equivalent per day and a record EBITDA of $363 million for the first quarter, with a net back margin of about $40 per barrel of oil equivalent. The company generated record free cash flow of $195 million for the quarter.