Talos Energy (NYSE:TALO) Shares Gap Down - What's Next?

Talos Energy Inc. (NYSE:TALO - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $10.66, but opened at $10.43. Talos Energy shares last traded at $10.66, with a volume of 39,894 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TALO shares. JPMorgan Chase & Co. started coverage on Talos Energy in a research report on Thursday, December 5th. They set a "neutral" rating and a $12.00 price target for the company. Mizuho dropped their target price on shares of Talos Energy from $16.00 to $14.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Citigroup lifted their price target on shares of Talos Energy from $12.50 to $14.50 and gave the company a "buy" rating in a research report on Thursday, November 14th. BMO Capital Markets dropped their price objective 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. Finally, KeyCorp reduced their target price 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.28.

Talos Energy Stock Performance

The company has a 50-day moving average of $10.51 and a 200-day moving average of $10.91. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 19.61 and a beta of 1.91.

Talos Energy (NYSE:TALO - Get Free Report) last posted its earnings results 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). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The company had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The business's quarterly revenue was up 32.9% compared to the same quarter last year. On average, equities research analysts forecast that Talos Energy Inc. will post -0.35 earnings per share for the current fiscal year.

Institutional Trading of Talos Energy

Hedge funds have recently added to or reduced their stakes in the business. Virtus Investment Advisers Inc. acquired a new position in shares of Talos Energy during the third quarter valued at $31,000. US Bancorp DE increased its stake in Talos Energy by 113.3% during the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company's stock valued at $36,000 after buying an additional 1,827 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Talos Energy during the 3rd quarter worth about $75,000. FMR LLC lifted its stake in shares of Talos Energy by 119.2% in the 3rd quarter. FMR LLC now owns 10,395 shares of the company's stock worth $108,000 after acquiring an additional 5,653 shares during the period. Finally, Regent Peak Wealth Advisors LLC bought a new position in shares of Talos Energy in the third quarter valued at approximately $118,000. Institutional investors own 89.35% of the company's stock.

About Talos Energy

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.