Talos Energy (NYSE:TALO) Shares Down 3.9% – What’s Next?

Talos Energy Inc. (NYSE:TALO) shares traded down 3.9% during mid-day trading on Wednesday . The stock traded as low as $10.54 and last traded at $10.58. 194,313 shares traded hands during trading, a decline of 91% from the average session volume of 2,084,418 shares. The stock had previously closed at $11.01.

Analysts Set New Price Targets

TALO has been the topic of a number of recent analyst reports. Citigroup upped their target price on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Benchmark restated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research note on Tuesday, November 12th. Mizuho started 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. KeyCorp decreased their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, BMO Capital Markets decreased their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.06.

Talos Energy Stock Down 3.5 %

The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 19.67 and a beta of 1.92. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average price of $10.82 and a 200-day moving average price of $11.20.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. During the same period last year, the firm earned $0.14 EPS. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. On average, equities analysts forecast that Talos Energy Inc. will post -0.35 EPS for the current year.

Insider Activity at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital purchased 100,000 shares of the stock in a transaction on Friday, September 27th. The stock was bought at an average price of $10.31 per share, for a total transaction of $1,031,000.00. Following the acquisition, the insider now directly owns 43,545,604 shares of the company’s stock, valued at $448,955,177.24. This represents a 0.23 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders bought 673,000 shares of company stock valued at $7,162,320. 0.77% of the stock is owned by insiders.

Institutional Trading of Talos Energy

A number of institutional investors have recently modified their holdings of TALO. Thompson Siegel & Walmsley LLC boosted its holdings in Talos Energy by 37.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 880,345 shares of the company’s stock worth $10,696,000 after acquiring an additional 239,996 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of Talos Energy during the 2nd quarter valued at approximately $18,832,000. HITE Hedge Asset Management LLC raised its position in shares of Talos Energy by 78.0% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock valued at $30,939,000 after acquiring an additional 1,116,241 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Talos Energy by 1,557.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock valued at $22,292,000 after acquiring an additional 1,724,014 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Talos Energy during the 2nd quarter valued at approximately $608,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

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.