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

Shares of Talos Energy Inc. (NYSE:TALO) 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 changing hands.

TALO has been the topic of several other reports. TheStreet downgraded shares of Talos Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, March 19th. KeyCorp boosted their price objective on Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Benchmark cut their target price on Talos Energy from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday. Stifel Nicolaus boosted their price target on Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Finally, Citigroup began coverage on shares of Talos Energy in a report on Friday, March 22nd. They set a “buy” rating and a $16.50 price objective for the company. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $20.94.

Insider Transactions at Talos Energy

In other news, insider Control Empresarial De Capital acquired 468,729 shares of Talos Energy stock in a transaction on Wednesday, March 13th. The shares were bought at an average cost of $12.77 per share, for a total transaction of $5,985,669.33. Following the acquisition, the insider now directly owns 35,216,510 shares of the company’s stock, valued at approximately $449,714,832.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

Institutional Trading of Talos Energy

A number of hedge funds have recently bought and sold shares of TALO. State of New Jersey Common Pension Fund D boosted its position in shares of Talos Energy by 25.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 181,473 shares of the company’s stock worth $2,582,000 after purchasing an additional 36,890 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of Talos Energy by 24.3% during the third quarter. Glenmede Trust Co. NA now owns 793,633 shares of the company’s stock worth $13,047,000 after acquiring an additional 155,215 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Talos Energy during the third quarter valued at about $1,850,000. Assenagon Asset Management S.A. purchased a new position in shares of Talos Energy in the 3rd quarter valued at approximately $1,168,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in Talos Energy in the 3rd quarter worth approximately $1,029,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Performance

The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The company has a market cap of $2.35 billion, a PE ratio of 7.88 and a beta of 1.99. The firm’s 50-day simple moving average is $13.47 and its two-hundred day simple moving average is $13.62.

Talos Energy (NYSE:TALO) last released its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share (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 firm had revenue of $384.96 million during the quarter, compared to analyst estimates of $386.90 million. As a group, research analysts anticipate that Talos Energy Inc. will post -0.04 earnings per share for the current fiscal year.

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.