Talos Energy (NYSE:TALO) Price Target Cut to $16.00

Talos Energy (NYSE:TALO - Free Report) had its price objective decreased by KeyCorp from $21.00 to $16.00 in a research report report published on Wednesday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

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

Talos Energy Stock Performance

TALO stock traded down $0.24 during trading hours on Wednesday, reaching $9.63. The stock had a trading volume of 3,035,594 shares, compared to its average volume of 2,150,779. The stock has a 50-day simple moving average of $11.18 and a 200 day simple moving average of $11.81. Talos Energy has a fifty-two week low of $9.55 and a fifty-two week high of $16.99. The stock has a market capitalization of $1.73 billion, a PE ratio of 321.00 and a beta of 1.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80.

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

Insider Activity

In related news, insider Control Empresarial De Capital purchased 306,000 shares of Talos Energy stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average price of $11.50 per share, with a total value of $3,519,000.00. Following the completion of the transaction, the insider now directly owns 38,528,904 shares of the company's stock, valued at $443,082,396. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders acquired 2,119,000 shares of company stock worth $22,931,130. Corporate insiders own 0.77% of the company's stock.

Hedge Funds Weigh In On Talos Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC increased its stake in Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company's stock valued at $33,000 after acquiring an additional 917 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Talos Energy in the 1st quarter valued at $50,000. Nisa Investment Advisors LLC lifted its holdings in shares of Talos Energy by 91.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company's stock worth $57,000 after acquiring an additional 2,235 shares during the last quarter. Sandia Investment Management LP bought a new stake in shares of Talos Energy during the 1st quarter valued at approximately $70,000. Finally, Regent Peak Wealth Advisors LLC acquired a new position in Talos Energy during the 3rd quarter worth approximately $118,000. 89.35% of the stock is currently 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.