KeyCorp Lowers Talos Energy (NYSE:TALO) Price Target to $16.00

Talos Energy (NYSE:TALO) had its target price decreased by stock analysts at KeyCorp from $21.00 to $16.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 64.19% from the company’s current price.

Other analysts have also issued reports about the stock. BMO Capital Markets reduced their price objective on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Stephens reaffirmed an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a report on Wednesday, July 10th. The Goldman Sachs Group began coverage on shares of Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target on the stock. Mizuho began coverage on shares of Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, Benchmark restated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Friday, September 27th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.65.

Talos Energy Price Performance

NYSE:TALO opened at $9.75 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 324.83 and a beta of 1.93. The company has a 50 day moving average price of $11.14 and a 200-day moving average price of $11.80. Talos Energy has a 1-year low of $9.54 and a 1-year high of $16.99.

Talos Energy (NYSE:TALO) last announced its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The company had revenue of $549.17 million for the quarter, compared to analysts’ expectations of $516.61 million. During the same quarter in the previous year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 49.6% on a year-over-year basis. Equities research analysts forecast that Talos Energy will post -0.14 EPS for the current year.

Insider Activity

In other Talos Energy news, insider Control Empresarial De Capital acquired 100,000 shares of Talos Energy stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of $10.31 per share, with a total value of $1,031,000.00. Following the purchase, the insider now owns 43,545,604 shares in the company, valued at approximately $448,955,177.24. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders bought a total of 2,119,000 shares of company stock worth $22,931,130 over the last 90 days. 0.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Invesco Senior Secured Management Inc. ADV bought a new stake in Talos Energy during the 1st quarter valued at approximately $77,977,000. Vanguard Group Inc. increased its stake in shares of Talos Energy by 23.7% in the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after buying an additional 1,873,537 shares during the period. Victory Capital Management Inc. increased its stake in shares of Talos Energy by 1,557.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock valued at $22,292,000 after buying an additional 1,724,014 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of Talos Energy during the second quarter worth $18,832,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Talos Energy during the second quarter worth $13,693,000. 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.