Talos Energy (NYSE:TALO) Hits New 52-Week Low – Time to Sell?

Talos Energy Inc. (NYSE:TALO)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $9.39 and last traded at $9.43, with a volume of 628660 shares traded. The stock had previously closed at $9.53.

Analyst Ratings Changes

Several analysts recently weighed in on TALO shares. Mizuho reduced their price objective on Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. BMO Capital Markets lowered 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. JPMorgan Chase & Co. initiated coverage on shares of Talos Energy in a research report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 target price on the stock. Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a report on Tuesday, November 12th. Finally, KeyCorp cut their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.28.

Talos Energy Stock Down 0.7 %

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 stock’s 50-day simple moving average is $10.59 and its 200 day simple moving average is $11.05. The firm has a market cap of $1.64 billion, a P/E ratio of 16.85 and a beta of 1.92.

Talos Energy (NYSE:TALO) last announced its earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 EPS. As a group, research analysts forecast that Talos Energy Inc. will post -0.35 EPS for the current fiscal year.

Insider Activity

In other Talos Energy news, insider Control Empresarial De Capital bought 250,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were bought at an average price of $10.52 per share, for a total transaction of $2,630,000.00. Following the acquisition, the insider now directly owns 43,108,904 shares of the company’s stock, valued at approximately $453,505,670.08. The trade was a 0.58 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is currently owned by company insiders.

Institutional Trading of Talos Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC boosted 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 purchasing an additional 210,687 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of Talos Energy by 280.7% in the 3rd quarter. XTX Topco Ltd now owns 46,089 shares of the company’s stock worth $477,000 after buying an additional 33,984 shares during the last quarter. Virtus Investment Advisers Inc. bought a new position in Talos Energy during the third quarter valued at about $31,000. Weiss Asset Management LP increased its holdings in Talos Energy by 103.0% during the third quarter. Weiss Asset Management LP now owns 263,489 shares of the company’s stock worth $2,727,000 after buying an additional 133,714 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Talos Energy by 40.6% in the third quarter. Stifel Financial Corp now owns 107,438 shares of the company’s stock worth $1,112,000 after acquiring an additional 31,010 shares during the period. 89.35% of the stock is owned by hedge funds and other institutional investors.

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.