Talos Energy (NYSE:TALO) Shares Down 2.8% – Here’s What Happened

Talos Energy Inc. (NYSE:TALO) shares dropped 2.8% on Friday . The stock traded as low as $10.66 and last traded at $10.71. Approximately 191,132 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,991,139 shares. The stock had previously closed at $11.01.

Wall Street Analyst Weigh In

TALO has been the subject of a number of research reports. Benchmark reissued a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Tuesday, November 12th. KeyCorp decreased their target price on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets reduced their target price on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Citigroup raised their price target on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Mizuho dropped their price target on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Talos Energy presently has a consensus rating of “Moderate Buy” and an average price target of $15.94.

Talos Energy Stock Down 3.0 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 19.79 and a beta of 1.91. The firm’s fifty day moving average is $10.47 and its 200-day moving average is $10.90.

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

Institutional Investors Weigh In On Talos Energy

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Talos Energy by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock worth $79,545,000 after purchasing an additional 179,181 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Talos Energy during the second quarter worth $812,000. Amalgamated Bank raised its holdings in shares of Talos Energy by 12.2% during the second quarter. Amalgamated Bank now owns 47,163 shares of the company’s stock worth $573,000 after purchasing an additional 5,123 shares during the period. Sei Investments Co. lifted its position in shares of Talos Energy by 1.6% in the 2nd quarter. Sei Investments Co. now owns 266,450 shares of the company’s stock worth $3,237,000 after buying an additional 4,115 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Talos Energy by 11.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 129,778 shares of the company’s stock valued at $1,577,000 after buying an additional 12,842 shares during the period. 89.35% of the stock is currently owned by institutional investors.

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.