Talos Energy (NYSE:TALO) Price Target Cut to $24.00

Talos Energy (NYSE:TALO) had its target price cut by investment analysts at Stephens from $26.00 to $24.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ target price would suggest a potential upside of 87.50% from the stock’s previous close.

TALO has been the topic of a number of other reports. TheStreet lowered shares of Talos Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, March 19th. Benchmark reduced their target price on shares of Talos Energy from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday. KeyCorp raised their target price on shares of Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Citigroup started coverage on shares of Talos Energy in a research note on Friday, March 22nd. They set a “buy” rating and a $16.50 price objective on the stock. Finally, Stifel Nicolaus increased 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Talos Energy presently has an average rating of “Buy” and a consensus target price of $20.94.

Talos Energy Stock Performance

Talos Energy stock opened at $12.80 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.73. Talos Energy has a 1-year low of $10.69 and a 1-year high of $17.59. The firm has a market capitalization of $2.35 billion, a P/E ratio of 7.90 and a beta of 1.99. The company’s 50-day moving average is $13.47 and its 200 day moving average is $13.62.

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

Insider Buying and Selling at Talos Energy

In other news, insider Control Empresarial De Capital bought 468,729 shares of the stock in a transaction on Wednesday, March 13th. The stock was bought at an average cost of $12.77 per share, for a total transaction of $5,985,669.33. Following the completion of the purchase, the insider now directly owns 35,216,510 shares in the company, valued at $449,714,832.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Talos Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in shares of Talos Energy during the first quarter worth $50,000. Quadrant Capital Group LLC lifted its stake in shares of Talos Energy by 44.3% during the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after buying an additional 1,731 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Talos Energy by 13.2% during the third quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock worth $127,000 after buying an additional 903 shares during the period. Norden Group LLC acquired a new stake in shares of Talos Energy during the first quarter worth $147,000. Finally, Stonegate Investment Group LLC acquired a new stake in shares of Talos Energy during the first quarter worth $261,000. 89.35% of the stock is currently 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.