Talos Energy (NYSE:TALO - Free Report) had its target price lowered by Stephens from $21.00 to $20.00 in a report published on Wednesday morning,Benzinga reports. Stephens currently has an overweight rating on the stock.
TALO has been the topic of several other reports. KeyCorp lowered their target price on shares of Talos Energy from $21.00 to $16.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Citigroup raised their price target on Talos Energy from $12.50 to $14.50 and gave the company a "buy" rating in a research report on Thursday, November 14th. Mizuho decreased their price objective on shares of Talos Energy from $16.00 to $14.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. Benchmark restated a "buy" rating and set a $20.00 target price on shares of Talos Energy in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Talos Energy in a research report on Thursday, December 5th. They issued a "neutral" rating and a $12.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Talos Energy has an average rating of "Moderate Buy" and an average price target of $15.83.
Read Our Latest Research Report on Talos Energy
Talos Energy Stock Performance
Talos Energy stock traded down $0.07 during trading hours on Wednesday, reaching $9.23. 1,332,810 shares of the stock were exchanged, compared to its average volume of 1,653,759. Talos Energy has a 52-week low of $8.89 and a 52-week high of $14.67. The stock has a market cap of $1.66 billion, a P/E ratio of 17.09 and a beta of 1.89. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The firm's 50 day moving average is $10.01 and its 200 day moving average is $10.70.
Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.07). The firm had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. Talos Energy's revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. Analysts predict that Talos Energy will post -0.44 EPS for the current fiscal year.
Hedge Funds Weigh In On Talos Energy
Several large investors have recently added to or reduced their stakes in the business. Philosophy Capital Management LLC increased its stake in shares of Talos Energy by 37.8% during the 3rd quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company's stock valued at $31,728,000 after acquiring an additional 841,414 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Talos Energy by 5.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,100,185 shares of the company's stock worth $20,393,000 after purchasing an additional 101,280 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Talos Energy by 1.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,817,719 shares of the company's stock worth $18,813,000 after purchasing an additional 33,985 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Talos Energy by 39.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,569,652 shares of the company's stock valued at $16,245,000 after purchasing an additional 442,620 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Talos Energy by 21.9% during the 3rd quarter. Barclays PLC now owns 1,173,765 shares of the company's stock valued at $12,149,000 after buying an additional 210,687 shares during the period. 89.35% of the stock is currently owned by hedge funds and other institutional investors.
About Talos Energy
(
Get Free Report)
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.
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