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

Talos Energy (NYSE:TALO) had its price objective lowered by equities researchers at Stephens from $26.00 to $24.00 in a research note issued to investors 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 current price.

A number of other brokerages have also recently issued reports on TALO. Benchmark cut their target price on Talos Energy from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday. Stifel Nicolaus increased their target price on Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. TheStreet cut Talos Energy from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. Citigroup began coverage on Talos Energy in a report on Friday, March 22nd. They issued a “buy” rating and a $16.50 target price on the stock. Finally, KeyCorp increased their price target on Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $20.94.

Talos Energy Price Performance

Talos Energy stock opened at $12.80 on Tuesday. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 7.90 and a beta of 1.99. Talos Energy has a 52-week low of $10.69 and a 52-week high of $17.59. The stock’s 50 day moving average price is $13.47 and its two-hundred day moving average price is $13.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.73.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results 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 return on equity of 0.76% and a net margin of 12.85%. The business had revenue of $384.96 million for the quarter, compared to the consensus estimate of $386.90 million. On average, equities analysts predict that Talos Energy will post -0.04 earnings per share for the current 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 acquired at an average cost of $12.77 per share, with a total value of $5,985,669.33. Following the transaction, the insider now owns 35,216,510 shares of the company’s stock, valued at approximately $449,714,832.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Talos Energy

Large investors have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in shares of Talos Energy during the 1st quarter valued at $50,000. Quadrant Capital Group LLC increased its position in shares of Talos Energy by 44.3% during the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after purchasing an additional 1,731 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Talos Energy by 13.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock valued at $127,000 after purchasing an additional 903 shares during the last quarter. Norden Group LLC purchased a new stake in shares of Talos Energy during the 1st quarter valued at $147,000. Finally, Laurion Capital Management LP purchased a new stake in shares of Talos Energy during the 3rd quarter valued at $268,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

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.