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

Talos Energy (NYSE:TALO) had its price target reduced by KeyCorp from $21.00 to $16.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 62.11% from the stock’s previous close.

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

Talos Energy Stock Performance

NYSE TALO opened at $9.87 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 329.00 and a beta of 1.93. The company’s fifty day moving average is $11.20 and its two-hundred day moving average is $11.83. Talos Energy has a 52-week low of $9.81 and a 52-week high of $16.99.

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, topping the consensus estimate of ($0.13) by $0.16. The company had revenue of $549.17 million for the quarter, compared to analyst estimates of $516.61 million. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The business’s quarterly revenue was up 49.6% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. Equities research analysts forecast that Talos Energy will post -0.14 EPS for the current year.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital bought 343,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $9.99 per share, with a total value of $3,426,570.00. Following the completion of the purchase, the insider now owns 39,488,904 shares in the company, valued at approximately $394,494,150.96. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders purchased 2,119,000 shares of company stock valued at $22,931,130. Insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

Several institutional investors have recently modified their holdings of TALO. Signaturefd LLC grew its position in shares of Talos Energy by 51.9% during the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after buying an additional 917 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Talos Energy during the 1st quarter worth approximately $50,000. Nisa Investment Advisors LLC grew its position in shares of Talos Energy by 91.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after buying an additional 2,235 shares during the period. Sandia Investment Management LP acquired a new stake in shares of Talos Energy during the 1st quarter worth approximately $70,000. Finally, Norden Group LLC acquired a new stake in shares of Talos Energy during the 1st quarter worth approximately $147,000. Institutional investors and hedge funds 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.