Talos Energy (NYSE:TALO) Shares Gap Down - Time to Sell?

Talos Energy Inc. (NYSE:TALO - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $10.78, but opened at $10.37. Talos Energy shares last traded at $10.06, with a volume of 225,003 shares.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Benchmark reaffirmed a "buy" rating and set a $20.00 price target on shares of Talos Energy in a research report on Friday, September 27th. BMO Capital Markets decreased their price target on shares of Talos Energy from $14.00 to $13.00 and set a "market perform" rating for the company in a research report on Friday, October 4th. Stephens reissued an "overweight" rating and issued a $24.00 price objective on shares of Talos Energy in a research report on Wednesday, July 10th. Mizuho started coverage on Talos Energy in a research note on Thursday, September 19th. They set an "outperform" rating and a $16.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on Talos Energy in a research note on Monday, July 22nd. They issued a "buy" rating and a $14.00 target price for the company. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Talos Energy currently has an average rating of "Moderate Buy" and an average target price of $19.15.

Talos Energy Stock Performance

The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 329.00 and a beta of 1.93. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The stock has a 50-day simple moving average of $11.20 and a 200-day simple moving average of $11.83.

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

Insider Buying and Selling

In other news, insider Control Empresarial De Capital acquired 100,000 shares of the business's stock in a transaction on Friday, September 27th. The shares were purchased at an average price of $10.31 per share, for a total transaction of $1,031,000.00. Following the completion of the purchase, the insider now directly owns 43,545,604 shares of the company's stock, valued at $448,955,177.24. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders bought 2,119,000 shares of company stock worth $22,931,130. Corporate insiders own 0.77% of the company's stock.

Institutional Trading of Talos Energy

Several institutional investors have recently added to or reduced their stakes in TALO. Signaturefd LLC lifted its stake in Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company's stock valued at $33,000 after buying an additional 917 shares during the last quarter. Headlands Technologies LLC acquired a new position in Talos Energy during the 1st quarter valued at about $50,000. Nisa Investment Advisors LLC grew its position in Talos Energy by 91.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company's stock worth $57,000 after purchasing an additional 2,235 shares during the last quarter. Sandia Investment Management LP acquired a new stake in shares of Talos Energy in the first quarter valued at approximately $70,000. Finally, Norden Group LLC bought a new stake in shares of Talos Energy during the first quarter valued at approximately $147,000. Institutional investors 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.