Talos Energy price target lowered to $17 from $19 at Roth MKM

Roth MKM lowered the firm’s price target on Talos Energy to $17 from $19 but keeps a Buy rating on the shares. The firm’s price cut reflects the dilution from the company’s equity raise this week, though the firm remains positive on the stock due to Talos Energy’s improving balance sheet, high oil cut, low production declines, below-average valuation, and material potential upside from its carbon capture business, the analyst tells investors in a research note.