Talos Energy (NYSE:TALO) Hits New 1-Year Low – What’s Next?

Talos Energy Inc. (NYSE:TALO) hit a new 52-week low on Thursday . The stock traded as low as $9.39 and last traded at $9.43, with a volume of 628660 shares changing hands. The stock had previously closed at $9.53.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho lowered their target price on Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. BMO Capital Markets lowered their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Benchmark reiterated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Tuesday, November 12th. Citigroup boosted their price target 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. Finally, JPMorgan Chase & Co. started coverage on shares of Talos Energy in a report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Talos Energy currently has a consensus rating of “Moderate Buy” and an average target price of $16.28.

Talos Energy Stock Performance

The stock has a market capitalization of $1.64 billion, a P/E ratio of 16.85 and a beta of 1.92. The company’s fifty day simple moving average is $10.59 and its 200 day simple moving average is $11.05. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.14) EPS 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 for the quarter, compared to the consensus estimate of $504.44 million. During the same period last year, the company posted $0.14 earnings per share. The business’s revenue was up 32.9% on a year-over-year basis. As a group, sell-side analysts forecast that Talos Energy Inc. will post -0.35 earnings per share for the current fiscal year.

Insider Activity

In other Talos Energy news, insider Control Empresarial De Capital acquired 250,000 shares of the stock in a transaction dated Wednesday, September 25th. The shares were acquired at an average cost of $10.52 per share, for a total transaction of $2,630,000.00. Following the completion of the transaction, the insider now directly owns 43,108,904 shares of the company’s stock, valued at approximately $453,505,670.08. The trade was a 0.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Institutional Trading of Talos Energy

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Talos Energy by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock worth $79,545,000 after buying an additional 179,181 shares in the last quarter. Philosophy Capital Management LLC grew its holdings in shares of Talos Energy by 37.8% during the third quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock valued at $31,728,000 after buying an additional 841,414 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Talos Energy by 26.2% in the second quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock worth $36,236,000 after purchasing an additional 619,169 shares during the last quarter. HITE Hedge Asset Management LLC boosted its holdings in shares of Talos Energy by 78.0% in 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 during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings 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. 89.35% of the stock is currently owned by institutional investors.

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.