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

Talos Energy (NYSE:TALO) had its price objective reduced by KeyCorp from $21.00 to $16.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.

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

Talos Energy Stock Performance

NYSE:TALO opened at $9.71 on Wednesday. Talos Energy has a twelve month low of $9.54 and a twelve month high of $16.99. The company has a market capitalization of $1.75 billion, a P/E ratio of 323.67 and a beta of 1.93. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $11.14 and a two-hundred day moving average price of $11.80.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.16. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The business had revenue of $549.17 million during the quarter, compared to analysts’ expectations of $516.61 million. During the same period last year, the company posted $0.06 EPS. The company’s revenue was up 49.6% on a year-over-year basis. As a group, research analysts expect that Talos Energy will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Talos Energy

In other news, insider Control Empresarial De Capital acquired 250,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $11.40 per share, for a total transaction of $2,850,000.00. Following the acquisition, the insider now directly owns 38,222,904 shares in the company, valued at approximately $435,741,105.60. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders have purchased a total of 2,119,000 shares of company stock worth $22,931,130 in the last quarter. 0.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TALO. Regent Peak Wealth Advisors LLC purchased a new stake in Talos Energy during the third quarter worth approximately $118,000. Creative Planning boosted its position in Talos Energy by 132.3% during the 3rd quarter. Creative Planning now owns 67,563 shares of the company’s stock worth $699,000 after purchasing an additional 38,480 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Talos Energy by 26.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 80,571 shares of the company’s stock valued at $979,000 after purchasing an additional 17,004 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in Talos Energy in the second quarter valued at about $18,832,000. Finally, AQR Capital Management LLC acquired a new position in shares of Talos Energy during the second quarter worth about $608,000. 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.