Talos Energy (NYSE:TALO) Shares Gap Down on Analyst Downgrade

Talos Energy Inc. (NYSE:TALO)’s stock price gapped down prior to trading 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 trading hands.

Several other research analysts have also recently commented on TALO. Citigroup initiated coverage on shares of Talos Energy in a report on Friday, March 22nd. They issued a “buy” rating and a $16.50 target price for the company. Benchmark reduced their target price on Talos Energy from $23.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday. KeyCorp lifted their price target on Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. TheStreet lowered Talos Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, March 19th. Finally, Stifel Nicolaus raised their price objective on Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talos Energy presently has a consensus rating of “Buy” and a consensus target price of $20.94.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in Talos Energy by 13.2% during the third quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock valued at $127,000 after acquiring an additional 903 shares during the period. Quadrant Capital Group LLC boosted its stake in Talos Energy by 44.3% during the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after purchasing an additional 1,731 shares during the period. Headlands Technologies LLC acquired a new stake in Talos Energy in the 1st quarter valued at approximately $50,000. Congress Asset Management Co. MA increased its position in Talos Energy by 1.0% in the 1st quarter. Congress Asset Management Co. MA now owns 375,382 shares of the company’s stock worth $5,229,000 after buying an additional 3,800 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Talos Energy by 12.6% during the third quarter. Arizona State Retirement System now owns 35,749 shares of the company’s stock worth $588,000 after buying an additional 4,009 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Trading Up 0.2 %

The business has a fifty day moving average price of $13.47 and a 200 day moving average price of $13.62. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 7.90 and a beta of 1.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.73.

Talos Energy (NYSE:TALO) last released its earnings results on Wednesday, February 28th. The company reported ($0.04) 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 for the quarter, compared to analyst estimates of $386.90 million. On average, equities analysts expect that Talos Energy Inc. will post -0.04 EPS for the current fiscal year.

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.