Talos Energy Inc. (NYSE:TALO - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $10.48, but opened at $10.10. Talos Energy shares last traded at $10.23, with a volume of 94,601 shares.
Analysts Set New Price Targets
Several research analysts have recently commented on TALO shares. KeyCorp reduced their target price on Talos Energy from $21.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. BMO Capital Markets reduced their price target on Talos Energy from $14.00 to $13.00 and set a "market perform" rating for the company in a research note on Friday, October 4th. Stephens restated an "overweight" rating and issued a $24.00 price target on shares of Talos Energy in a research note on Wednesday, July 10th. 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 price target for the company. Finally, Benchmark restated a "buy" rating and issued a $20.00 price target on shares of Talos Energy in a research note on Friday, September 27th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.65.
Check Out Our Latest Stock Report on TALO
Talos Energy Price Performance
The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 144.14 and a beta of 1.93. The business has a fifty day moving average price of $10.87 and a 200 day moving average price of $11.56.
Talos Energy (NYSE:TALO - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The business had revenue of $549.17 million during the quarter, compared to analysts' expectations of $516.61 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business's revenue for the quarter was up 49.6% compared to the same quarter last year. As a group, research analysts anticipate that Talos Energy Inc. will post -0.14 earnings per share for the current year.
Insider Activity
In related news, insider Control Empresarial De Capital purchased 306,000 shares of the firm's stock in a transaction dated Thursday, August 1st. The stock was bought at an average price of $11.50 per share, with a total value of $3,519,000.00. Following the completion of the purchase, the insider now owns 38,528,904 shares in the company, valued at approximately $443,082,396. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders purchased 2,119,000 shares of company stock valued at $22,931,130. Company insiders own 0.77% of the company's stock.
Institutional Investors Weigh In On Talos Energy
Institutional investors and hedge funds have recently made changes to their positions in the business. Natixis bought a new stake in shares of Talos Energy during the 1st quarter valued at about $768,000. Vanguard Group Inc. boosted its holdings in Talos Energy by 23.7% in the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company's stock worth $136,425,000 after acquiring an additional 1,873,537 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in Talos Energy in the first quarter worth approximately $1,066,000. Thompson Siegel & Walmsley LLC boosted its holdings in Talos Energy by 37.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 880,345 shares of the company's stock worth $10,696,000 after acquiring an additional 239,996 shares in the last quarter. Finally, Encompass Capital Advisors LLC bought a new position in Talos Energy in the second quarter worth approximately $18,832,000. Institutional investors own 89.35% of the company's stock.
About Talos Energy
(
Get Free Report)
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.
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