Talos Energy (NYSE:TALO) Sets New 52-Week Low – Here’s What Happened

Shares of Talos Energy Inc. (NYSE:TALO) hit a new 52-week low during trading on Wednesday . The company 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

A number of analysts recently commented on TALO shares. Benchmark reiterated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Friday, September 27th. The Goldman Sachs Group started coverage on Talos Energy in a research report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price objective for the company. Stephens reiterated an “overweight” rating and issued a $24.00 price objective on shares of Talos Energy in a research report on Wednesday, July 10th. BMO Capital Markets lowered their price objective on 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 lowered their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.65.

Talos Energy Price Performance

The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 147.07 and a beta of 1.93. The company has a 50-day moving average price of $10.94 and a 200-day moving average price of $11.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80.

Talos Energy (NYSE:TALO) 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 company had revenue of $549.17 million during 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%. The company’s revenue for the quarter was up 49.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. On average, equities research analysts expect that Talos Energy Inc. will post -0.14 EPS for the current fiscal year.

Insider Activity

In other Talos Energy news, insider Control Empresarial De Capital acquired 306,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $11.50 per share, for a total transaction of $3,519,000.00. Following the acquisition, the insider now directly owns 38,528,904 shares of the company’s stock, valued at approximately $443,082,396. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have acquired 2,119,000 shares of company stock worth $22,931,130 in the last 90 days. Corporate insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

Several institutional investors have recently modified their holdings of the business. Signaturefd LLC lifted its holdings in shares of Talos Energy by 51.9% during the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after purchasing an additional 917 shares in the last quarter. Everence Capital Management Inc. lifted its stake in Talos Energy by 8.6% in the 3rd quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock valued at $228,000 after acquiring an additional 1,740 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Talos Energy by 13.8% in the 2nd quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock valued at $185,000 after acquiring an additional 1,838 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Talos Energy by 91.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after acquiring an additional 2,235 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Talos Energy by 7.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,848 shares of the company’s stock valued at $411,000 after acquiring an additional 2,314 shares in the last quarter. 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.