Talos Energy (NYSE:TALO) Price Target Lowered to $16.00 at KeyCorp

Talos Energy (NYSE:TALO) had its price target trimmed by KeyCorp from $21.00 to $16.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts have also commented on TALO. Stephens reaffirmed an “overweight” rating and issued a $24.00 price target on shares of Talos Energy in a report on Wednesday, July 10th. BMO Capital Markets decreased their target price on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Mizuho began coverage on Talos Energy in a research report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price target on the stock. Benchmark reissued a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a report on Friday, September 27th. Finally, The Goldman Sachs Group began coverage on Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 price objective for the company. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.65.

Talos Energy Stock Performance

Shares of TALO stock opened at $9.71 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. The company’s 50-day simple moving average is $11.14 and its 200-day simple moving average is $11.80. Talos Energy has a one year low of $9.54 and a one year high of $16.99. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 323.67 and a beta of 1.93.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.16. The business had revenue of $549.17 million for the quarter, compared to analyst estimates of $516.61 million. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The business’s revenue was up 49.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. Equities analysts anticipate that Talos Energy will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital bought 100,000 shares of the stock in a transaction on Friday, September 27th. The shares were bought at an average price of $10.31 per share, with a total value of $1,031,000.00. Following the purchase, the insider now directly owns 43,545,604 shares in the company, valued at $448,955,177.24. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders acquired 2,119,000 shares of company stock valued at $22,931,130. Corporate insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Talos Energy by 23.7% during the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after purchasing an additional 1,873,537 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Talos Energy by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock worth $79,545,000 after purchasing an additional 179,181 shares in the last quarter. Invesco Senior Secured Management Inc. ADV acquired a new stake in shares of Talos Energy during the 1st quarter valued at about $77,977,000. American Century Companies Inc. grew its stake in shares of Talos Energy by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock valued at $36,236,000 after buying an additional 619,169 shares in the last quarter. Finally, HITE Hedge Asset Management LLC increased its holdings in Talos Energy by 78.0% in the second quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock worth $30,939,000 after buying an additional 1,116,241 shares during the last quarter. 89.35% of the stock is 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.