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

Talos Energy Inc. (NYSE:TALO - Get Free Report) 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.

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

Insider Activity

In related news, insider Control Empresarial De Capital purchased 468,729 shares of Talos Energy stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average cost of $12.77 per share, with a total value of $5,985,669.33. Following the transaction, the insider now owns 35,216,510 shares of the company's stock, valued at approximately $449,714,832.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.77% of the company's stock.

Hedge Funds Weigh In On Talos Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its position in shares of Talos Energy by 13.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company's stock valued at $127,000 after purchasing an additional 903 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Talos Energy by 44.3% in the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company's stock valued at $80,000 after purchasing an additional 1,731 shares in the last quarter. Congress Asset Management Co. MA raised its position in shares of Talos Energy by 1.0% in the 1st quarter. Congress Asset Management Co. MA now owns 375,382 shares of the company's stock valued at $5,229,000 after purchasing an additional 3,800 shares in the last quarter. Arizona State Retirement System raised its position in shares of Talos Energy by 12.6% in the 3rd quarter. Arizona State Retirement System now owns 35,749 shares of the company's stock valued at $588,000 after purchasing an additional 4,009 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Talos Energy by 25.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,148 shares of the company's stock valued at $381,000 after purchasing an additional 4,659 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

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 capitalization of $2.35 billion, a price-to-earnings ratio of 7.92 and a beta of 1.99. The stock has a 50-day simple moving average of $13.48 and a 200-day simple moving average of $13.64.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $386.90 million. On average, analysts anticipate 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.