Talos Energy (NYSE:TALO) Shares Gap Down Following Analyst Downgrade

Talos Energy Inc. (NYSE:TALO)’s share price gapped down prior to trading on Tuesday after Stephens lowered their price target on the stock from $26.00 to $24.00. The stock had previously closed at $13.35, but opened at $12.86. Stephens currently has an overweight rating on the stock. Talos Energy shares last traded at $12.49, with a volume of 255,121 shares.

A number of other equities research analysts also recently commented on the company. KeyCorp increased their price objective on Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. TheStreet cut Talos Energy from a “b-” rating to a “c+” rating in a research note on Tuesday, March 19th. Stifel Nicolaus upped their price objective on shares of Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Citigroup started coverage on shares of Talos Energy in a research report on Friday, March 22nd. They set a “buy” rating and a $16.50 price objective on the stock. Finally, Benchmark decreased their price target on shares of Talos Energy from $23.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Talos Energy currently has an average rating of “Buy” and an average target price of $20.94.

Insider Activity

In related news, insider Control Empresarial De Capital purchased 468,729 shares of the stock in a transaction on Wednesday, March 13th. The shares were purchased at an average cost of $12.77 per share, for a total transaction of $5,985,669.33. Following the completion of the transaction, the insider now directly owns 35,216,510 shares of the company’s stock, valued at approximately $449,714,832.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

Institutional Trading of Talos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Talos Energy by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 7,920,081 shares of the company’s stock valued at $112,703,000 after buying an additional 332,489 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Talos Energy by 11.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock valued at $89,474,000 after purchasing an additional 669,552 shares during the last quarter. Sourcerock Group LLC boosted its holdings in Talos Energy by 9.7% during the third quarter. Sourcerock Group LLC now owns 6,274,940 shares of the company’s stock worth $103,160,000 after buying an additional 552,423 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Talos Energy by 17.2% during the third quarter. Canada Pension Plan Investment Board now owns 3,400,000 shares of the company’s stock worth $55,896,000 after buying an additional 500,000 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Talos Energy by 18.3% during the 3rd quarter. American Century Companies Inc. now owns 1,389,805 shares of the company’s stock worth $22,848,000 after buying an additional 215,065 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Price Performance

The stock has a market cap of $2.35 billion, a P/E ratio of 7.88 and a beta of 1.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.73. The company’s 50 day simple moving average is $13.47 and its 200 day simple moving average is $13.62.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.26). Talos Energy had a net margin of 12.85% and a return on equity of 0.76%. The business had revenue of $384.96 million during the quarter, compared to analyst estimates of $386.90 million. As a group, equities analysts forecast that Talos Energy Inc. will post -0.04 earnings per share for the current year.

About Talos Energy

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.