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

Talos Energy (NYSE:TALO) had its price target reduced by research analysts at Stephens from $26.00 to $24.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Stephens’ target price indicates a potential upside of 87.65% from the stock’s previous close.

Other research analysts also recently issued reports about the company. KeyCorp upped their target price on Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Stifel Nicolaus boosted 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. Benchmark lowered 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. Citigroup initiated 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 for the company. Finally, TheStreet cut shares of Talos Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, March 19th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $20.94.

Talos Energy Stock Down 4.2 %

Shares of Talos Energy stock traded down $0.56 during trading on Tuesday, hitting $12.79. 1,297,803 shares of the stock traded hands, compared to its average volume of 1,957,848. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $13.48 and its 200 day simple moving average is $13.64. The firm has a market cap of $2.35 billion, a P/E ratio of 7.92 and a beta of 1.99. Talos Energy has a 52-week low of $10.69 and a 52-week high of $17.59.

Talos Energy (NYSE:TALO) last posted its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share (EPS) 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 company had revenue of $384.96 million during the quarter, compared to analysts’ expectations of $386.90 million. On average, equities analysts predict that Talos Energy will post -0.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital purchased 468,729 shares of Talos Energy stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $12.77 per share, with a total value of $5,985,669.33. Following the completion of the acquisition, the insider now directly owns 35,216,510 shares of the company’s stock, valued at $449,714,832.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Swiss National Bank grew its holdings in Talos Energy by 12.3% in the first quarter. Swiss National Bank now owns 274,500 shares of the company’s stock valued at $3,824,000 after purchasing an additional 30,000 shares during the period. Illinois Municipal Retirement Fund lifted its position in Talos Energy by 13.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 76,476 shares of the company’s stock worth $1,065,000 after acquiring an additional 8,826 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Talos Energy by 56.0% during the first quarter. Empowered Funds LLC now owns 687,780 shares of the company’s stock worth $9,581,000 after purchasing an additional 246,846 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in Talos Energy by 35.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 117,969 shares of the company’s stock worth $1,643,000 after buying an additional 31,152 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position in Talos Energy by 32.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 23,221 shares of the company’s stock valued at $323,000 after buying an additional 5,630 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.