Talos Energy Inc. (NYSE:TALO - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as $9.39 and last traded at $9.43, with a volume of 628660 shares trading hands. The stock had previously closed at $9.53.
Analysts Set New Price Targets
TALO has been the subject of a number of research reports. Mizuho dropped their price objective on Talos Energy from $16.00 to $14.00 and set an "outperform" rating for the company in a research note on Monday. BMO Capital Markets lowered 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. Benchmark reissued a "buy" rating and set a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. KeyCorp dropped their price target on shares of Talos Energy from $21.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Finally, Citigroup upped their price target on shares of Talos Energy from $12.50 to $14.50 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Talos Energy presently has an average rating of "Moderate Buy" and an average price target of $16.28.
Read Our Latest Analysis on TALO
Talos Energy Stock Down 3.9 %
The firm has a 50 day moving average price of $10.67 and a two-hundred day moving average price of $11.08. 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 has a market capitalization of $1.65 billion, a price-to-earnings ratio of 16.96 and a beta of 1.92.
Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) 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 firm had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. During the same quarter in the previous year, the company earned $0.14 EPS. The company's quarterly revenue was up 32.9% compared to the same quarter last year. As a group, sell-side analysts expect that Talos Energy Inc. will post -0.35 earnings per share for the current year.
Insider Buying and Selling at Talos Energy
In other Talos Energy news, insider Control Empresarial De Capital acquired 100,000 shares of the stock in a transaction dated Friday, September 27th. The shares were bought at an average price of $10.31 per share, with a total value of $1,031,000.00. Following the purchase, the insider now directly owns 43,545,604 shares of the company's stock, valued at approximately $448,955,177.24. This trade represents a 0.23 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Talos Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TALO. Thompson Siegel & Walmsley LLC grew its holdings 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 valued at $10,696,000 after acquiring an additional 239,996 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in Talos Energy in the second quarter valued at approximately $18,832,000. Barclays PLC grew its position in Talos Energy by 21.9% in the third quarter. Barclays PLC now owns 1,173,765 shares of the company's stock worth $12,149,000 after acquiring an additional 210,687 shares in the last quarter. HITE Hedge Asset Management LLC increased its stake in shares of Talos Energy by 78.0% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company's stock worth $30,939,000 after purchasing an additional 1,116,241 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Talos Energy by 1,557.7% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.
Talos Energy Company Profile
(
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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