Talos Energy Inc. (NYSE:TALO – Get Free Report) gapped down before the market opened on Tuesday after Stephens lowered their price target on the stock from $26.00 to $24.00. The stock had previously closed at $13.35, but opened at $12.86. Stephens currently has an overweight rating on the stock. Talos Energy shares last traded at $12.49, with a volume of 255,121 shares.
Several other brokerages have also issued reports on TALO. Citigroup initiated coverage on Talos Energy in a research note on Friday, March 22nd. They set a “buy” rating and a $16.50 price target on the stock. TheStreet lowered shares of Talos Energy from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. Benchmark reduced their price objective on shares of Talos Energy from $23.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday. KeyCorp upped their target price on shares of Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Stifel Nicolaus lifted their price objective on Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $20.94.
Insider Transactions at Talos Energy
In other Talos Energy news, insider Control Empresarial De Capital acquired 468,729 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $12.77 per share, for a total transaction of $5,985,669.33. Following the transaction, the insider now owns 35,216,510 shares in the company, valued at approximately $449,714,832.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.77% of the stock is owned by company insiders.
Hedge Funds Weigh In On Talos Energy
Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in Talos Energy by 11.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock worth $89,474,000 after purchasing an additional 669,552 shares during the period. Sourcerock Group LLC raised its stake in shares of Talos Energy by 9.7% during the third quarter. Sourcerock Group LLC now owns 6,274,940 shares of the company’s stock worth $103,160,000 after buying an additional 552,423 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Talos Energy by 17.2% in the third quarter. Canada Pension Plan Investment Board now owns 3,400,000 shares of the company’s stock valued at $55,896,000 after buying an additional 500,000 shares during the period. Vanguard Group Inc. boosted its stake in Talos Energy by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 7,920,081 shares of the company’s stock valued at $112,703,000 after acquiring an additional 332,489 shares during the last quarter. Finally, HITE Hedge Asset Management LLC bought a new stake in shares of Talos Energy during the 4th quarter valued at $4,439,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.
Talos Energy Stock Performance
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 company has a market cap of $2.34 billion, a price-to-earnings ratio of 7.92 and a beta of 1.99. The stock has a 50 day moving average price of $13.48 and a two-hundred day moving average price of $13.64.
Talos Energy (NYSE:TALO – Get Free Report) last released 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). The firm had revenue of $384.96 million for the quarter, compared to the consensus estimate of $386.90 million. Talos Energy had a return on equity of 0.76% and a net margin of 12.85%. Analysts predict that Talos Energy Inc. will post -0.04 EPS for the current year.
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.