Talos Energy (NYSE:TALO) Shares Down 2.8% – What’s Next?

Talos Energy Inc. (NYSE:TALO) dropped 2.8% during mid-day trading on Friday . The company 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TALO shares. JPMorgan Chase & Co. started coverage on Talos Energy in a report on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target on the stock. Stephens restated an “overweight” rating and issued a $21.00 target price on shares of Talos Energy in a research note on Thursday. Mizuho reduced their price target on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Citigroup boosted their price target on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.94.

Talos Energy Stock Down 1.0 %

The stock has a market capitalization of $1.96 billion, a P/E ratio of 20.19 and a beta of 1.91. The firm has a 50 day moving average of $10.45 and a 200-day moving average of $10.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.14) earnings per share 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 company had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. On average, equities research analysts expect that Talos Energy Inc. will post -0.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talos Energy

A number of large investors have recently bought and sold shares of the business. Virtus Investment Advisers Inc. acquired a new position in Talos Energy during the 3rd quarter worth $31,000. US Bancorp DE lifted its holdings in Talos Energy by 113.3% during the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after buying an additional 1,827 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Talos Energy during the 3rd quarter worth $75,000. Nisa Investment Advisors LLC lifted its holdings in Talos Energy by 182.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company’s stock worth $106,000 after buying an additional 7,026 shares in the last quarter. Finally, FMR LLC lifted its holdings in Talos Energy by 119.2% during the 3rd quarter. FMR LLC now owns 10,395 shares of the company’s stock worth $108,000 after buying an additional 5,653 shares in the last quarter. 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.