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 trading hands.

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

Insider Buying and Selling

In related news, insider Control Empresarial De Capital bought 468,729 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was bought at an average cost of $12.77 per share, with a total value of $5,985,669.33. Following the completion of the acquisition, the insider now owns 35,216,510 shares in the company, valued at approximately $449,714,832.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is owned by insiders.

Institutional Trading of Talos Energy

A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Talos Energy by 11.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock worth $89,474,000 after buying an additional 669,552 shares during the last quarter. Sourcerock Group LLC raised its position in Talos Energy by 9.7% during the third quarter. Sourcerock Group LLC now owns 6,274,940 shares of the company’s stock worth $103,160,000 after acquiring an additional 552,423 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Talos Energy by 17.2% in the third quarter. Canada Pension Plan Investment Board now owns 3,400,000 shares of the company’s stock valued at $55,896,000 after purchasing an additional 500,000 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Talos Energy by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 7,920,081 shares of the company’s stock valued at $112,703,000 after purchasing an additional 332,489 shares during the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new stake in shares of Talos Energy in the fourth quarter valued at approximately $4,439,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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 firm has a market capitalization of $2.35 billion, a PE ratio of 7.90 and a beta of 1.99. The stock’s 50 day moving average price is $13.47 and its two-hundred day moving average price is $13.62.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.26). Talos Energy had a return on equity of 0.76% and a net margin of 12.85%. The company had revenue of $384.96 million for the quarter, compared to analysts’ expectations of $386.90 million. On average, equities analysts expect that Talos Energy Inc. will post -0.04 earnings per share for the current 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.