Talos Energy (NYSE:TALO) Price Target Cut to $24.00 by Analysts at Stephens

Talos Energy (NYSE:TALO) had its price objective decreased by Stephens from $26.00 to $24.00 in a report published on Tuesday morning, Benzinga reports. Stephens currently has an overweight rating on the stock.

TALO has been the subject of a number of other reports. TheStreet lowered shares of Talos Energy from a b- rating to a c+ rating in a research note on Tuesday, March 19th. Citigroup started coverage on Talos Energy in a research report on Friday, March 22nd. They issued a buy rating and a $16.50 target price on the stock. KeyCorp increased their price objective on Talos Energy from $20.00 to $21.00 and gave the company an overweight rating in a report on Monday, April 22nd. Stifel Nicolaus boosted their price objective on Talos Energy from $17.00 to $19.00 and gave the stock a buy rating in a research report on Tuesday, April 23rd. Finally, Benchmark decreased their price target 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. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $20.94.

Talos Energy Price Performance

TALO stock opened at $12.77 on Tuesday. The business has a 50 day simple moving average of $13.47 and a 200-day simple moving average of $13.62. The firm has a market capitalization of $2.35 billion, a PE 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. Talos Energy has a 1 year low of $10.69 and a 1 year high of $17.59.

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 the consensus estimate of $0.22 by ($0.26). Talos Energy had a net margin of 12.85% and a return on equity of 0.76%. The firm had revenue of $384.96 million during the quarter, compared to analyst estimates of $386.90 million. Equities research analysts anticipate that Talos Energy will post -0.04 earnings per share for the current fiscal year.

Insider Activity at Talos Energy

In related news, insider Control Empresarial De Capital purchased 468,729 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 35,216,510 shares in the company, valued at $449,714,832.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Talos Energy

Several hedge funds have recently made changes to their positions in TALO. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Talos Energy by 25.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,148 shares of the company’s stock worth $381,000 after purchasing an additional 4,659 shares during the period. Victory Capital Management Inc. grew its position in shares of Talos Energy by 7.0% during the 3rd quarter. Victory Capital Management Inc. now owns 89,892 shares of the company’s stock valued at $1,478,000 after buying an additional 5,887 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Talos Energy in the third quarter worth $1,168,000. Illinois Municipal Retirement Fund acquired a new stake in shares of Talos Energy in the third quarter valued at approximately $1,029,000. Finally, Arizona State Retirement System grew its position in Talos Energy by 12.6% in the 3rd quarter. Arizona State Retirement System now owns 35,749 shares of the company’s stock valued at $588,000 after buying an additional 4,009 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.