Talos Energy (NYSE:TALO) Hits New 1-Year Low - Time to Sell?

Talos Energy Inc. (NYSE:TALO - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock traded as low as $9.50 and last traded at $9.55, with a volume of 94054 shares traded. The stock had previously closed at $9.73.

Wall Street Analysts Forecast Growth

TALO has been the subject of several research reports. The Goldman Sachs Group began coverage on shares of Talos Energy in a research note on Monday, July 22nd. They set a "buy" rating and a $14.00 price objective for the company. Stephens reissued an "overweight" rating and set a $24.00 price objective on shares of Talos Energy in a research note on Wednesday, July 10th. Mizuho started coverage on Talos Energy in a report on Thursday, September 19th. They set an "outperform" rating and a $16.00 price target on the stock. 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 note on Friday, October 4th. Finally, Benchmark reissued a "buy" rating and issued a $20.00 price target on shares of Talos Energy in a research note on Friday, September 27th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.65.

Talos Energy Stock Up 3.1 %

The business has a 50 day simple moving average of $11.01 and a 200 day simple moving average of $11.67. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 324.33 and a beta of 1.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80.

Talos Energy (NYSE:TALO - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.16. The firm had revenue of $549.17 million for the quarter, compared to analyst estimates of $516.61 million. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. Talos Energy's revenue was up 49.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, equities analysts predict that Talos Energy Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In other Talos Energy news, insider Control Empresarial De Capital purchased 306,000 shares of the company's stock in a transaction on Thursday, August 1st. The stock was acquired at an average price of $11.50 per share, for a total transaction of $3,519,000.00. Following the completion of the purchase, the insider now directly owns 38,528,904 shares in the company, valued at approximately $443,082,396. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders acquired 2,119,000 shares of company stock valued at $22,931,130. 0.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Talos Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Talos Energy by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 7,920,081 shares of the company's stock valued at $112,703,000 after purchasing an additional 332,489 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Talos Energy by 32.8% during the 1st quarter. State of Alaska Department of Revenue now owns 82,113 shares of the company's stock worth $1,143,000 after buying an additional 20,282 shares during the last quarter. Norden Group LLC purchased a new stake in Talos Energy during the 1st quarter worth about $147,000. Maryland State Retirement & Pension System boosted its position in shares of Talos Energy by 33.0% during the 1st quarter. Maryland State Retirement & Pension System now owns 48,571 shares of the company's stock worth $647,000 after acquiring an additional 12,043 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Talos Energy by 23.5% in the 1st quarter. Principal Financial Group Inc. now owns 700,273 shares of the company's stock valued at $9,755,000 after acquiring an additional 133,337 shares during the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

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.