Stephens Cuts Talos Energy (NYSE:TALO) Price Target to $20.00

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

Several other research firms have also issued reports on TALO. Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Tuesday, November 12th. Mizuho dropped their price target on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. 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 objective on the stock. KeyCorp dropped their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Finally, Citigroup increased their price target on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Talos Energy presently has an average rating of “Moderate Buy” and an average target price of $15.83.

Talos Energy Trading Down 1.3 %

Shares of TALO opened at $9.46 on Wednesday. The business’s 50-day moving average price is $10.09 and its 200-day moving average price is $10.74. 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 twelve month low of $8.89 and a twelve month high of $14.67. The stock has a market cap of $1.70 billion, a PE ratio of 17.52 and a beta of 1.89.

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

Hedge Funds Weigh In On Talos Energy

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