Stephens Has Lowered Expectations for Talos Energy (NYSE:TALO) Stock Price

Talos Energy (NYSE:TALO) had its price target decreased by analysts at Stephens from $21.00 to $20.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ price objective would suggest a potential upside of 115.35% from the stock’s previous close.

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

Talos Energy Stock Down 1.7 %

Shares of NYSE:TALO opened at $9.29 on Wednesday. The company’s fifty day moving average is $10.05 and its two-hundred day moving average is $10.73. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. Talos Energy has a 1-year low of $8.89 and a 1-year high of $14.67. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 17.20 and a beta of 1.89.

Talos Energy (NYSE:TALO) last issued 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 firm had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. Equities analysts anticipate that Talos Energy will post -0.37 EPS for the current year.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtus Investment Advisers Inc. purchased a new stake in shares of Talos Energy in the third quarter valued at $31,000. US Bancorp DE raised its position in Talos Energy by 113.3% during the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after buying an additional 1,827 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Talos Energy in the 3rd quarter worth about $75,000. KBC Group NV boosted its position in Talos Energy by 46.1% during the 4th quarter. KBC Group NV now owns 7,970 shares of the company’s stock worth $77,000 after acquiring an additional 2,515 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Talos Energy by 182.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company’s stock valued at $106,000 after acquiring an additional 7,026 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

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.