Talos Energy (NYSE:TALO) Price Target Cut to $20.00 by Analysts at Stephens

Talos Energy (NYSE:TALO) had its price objective decreased by Stephens from $21.00 to $20.00 in a research note issued to investors on Wednesday,Benzinga reports. Stephens currently has an overweight rating on the stock.

A number of other research analysts have also weighed in on TALO. JPMorgan Chase & Co. began coverage on shares of Talos Energy in a research report on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target on the stock. Citigroup lifted their target price on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Mizuho reduced their target price on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, December 16th. KeyCorp dropped their price target on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Benchmark restated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.83.

Talos Energy Stock Performance

Shares of TALO stock opened at $9.46 on Wednesday. The firm has a 50 day moving average of $10.09 and a 200-day moving average of $10.74. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 17.52 and a beta of 1.89. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy has a 52 week low of $8.89 and a 52 week high of $14.67.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The company had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. During the same quarter in the prior year, the company posted $0.14 EPS. Talos Energy’s revenue for the quarter was up 32.9% on a year-over-year basis. On average, equities analysts forecast that Talos Energy will post -0.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund raised its stake in Talos Energy by 4.1% in the 4th quarter. New York State Common Retirement Fund now owns 56,474 shares of the company’s stock valued at $548,000 after acquiring an additional 2,200 shares during the period. Keating Investment Counselors Inc. increased its stake in shares of Talos Energy by 5.1% in the fourth quarter. Keating Investment Counselors Inc. now owns 240,680 shares of the company’s stock worth $2,337,000 after purchasing an additional 11,755 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Talos Energy by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 603,337 shares of the company’s stock valued at $5,858,000 after purchasing an additional 15,686 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Talos Energy by 13.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 190,314 shares of the company’s stock valued at $1,848,000 after buying an additional 23,065 shares in the last quarter. Finally, Congress Asset Management Co. boosted its holdings in Talos Energy by 8.4% in the 4th quarter. Congress Asset Management Co. now owns 385,686 shares of the company’s stock worth $3,745,000 after buying an additional 29,743 shares during the period. 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.