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

Talos Energy Inc. (NYSE:TALO) shares hit a new 52-week low on Thursday . The company 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.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Benchmark reissued a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Tuesday, November 12th. KeyCorp lowered their price objective on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a 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 for the company in a report on Friday, October 4th. JPMorgan Chase & Co. assumed coverage on shares of Talos Energy in a research note on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target on the stock. Finally, Mizuho decreased their price objective on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Monday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.28.

Talos Energy Price Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average price is $10.70 and its 200 day moving average price is $11.09. The company has a market capitalization of $1.65 billion, a P/E ratio of 17.02 and a beta of 1.92.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data 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 firm had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The company’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. As a group, sell-side analysts forecast that Talos Energy Inc. will post -0.35 EPS for the current year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital purchased 250,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was purchased at an average price of $10.52 per share, with a total value of $2,630,000.00. Following the completion of the purchase, the insider now 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TALO. Thompson Siegel & Walmsley LLC grew its position in shares of Talos Energy by 37.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 880,345 shares of the company’s stock worth $10,696,000 after buying an additional 239,996 shares during the period. Encompass Capital Advisors LLC acquired a new stake in Talos Energy in the second quarter worth $18,832,000. Barclays PLC increased its stake in Talos Energy by 21.9% in the third quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock valued at $12,149,000 after purchasing an additional 210,687 shares in the last quarter. HITE Hedge Asset Management LLC increased its stake in Talos Energy by 78.0% in the second quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock valued at $30,939,000 after purchasing an additional 1,116,241 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Talos Energy by 1,557.7% during the second quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock valued at $22,292,000 after purchasing an additional 1,724,014 shares during the period. Institutional investors and hedge funds 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.