Talos Energy (NYSE:TALO) Trading Down 2.8% – Should You Sell?

Talos Energy Inc. (NYSE:TALO)’s stock price was down 2.8% during trading on Friday . The company traded as low as $10.66 and last traded at $10.71. Approximately 191,132 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,991,139 shares. The stock had previously closed at $11.01.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TALO. Benchmark reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. Mizuho decreased their price target 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 cut 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. KeyCorp decreased 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. Finally, Citigroup increased their price target on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Talos Energy currently has an average rating of “Moderate Buy” and a consensus price target of $15.94.

Talos Energy Trading Down 3.0 %

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The business has a fifty day simple moving average of $10.47 and a 200 day simple moving average of $10.90. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 19.79 and a beta of 1.91.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The company had revenue of $509.29 million for the quarter, compared to analysts’ expectations of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. As a group, equities analysts anticipate that Talos Energy Inc. will post -0.35 EPS for the current year.

Hedge Funds Weigh In On Talos Energy

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Talos Energy by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock valued at $79,545,000 after acquiring an additional 179,181 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Talos Energy during the second quarter worth about $812,000. Amalgamated Bank boosted its stake in Talos Energy by 12.2% in the 2nd quarter. Amalgamated Bank now owns 47,163 shares of the company’s stock worth $573,000 after buying an additional 5,123 shares during the last quarter. Sei Investments Co. grew its holdings in Talos Energy by 1.6% in the 2nd quarter. Sei Investments Co. now owns 266,450 shares of the company’s stock valued at $3,237,000 after buying an additional 4,115 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Talos Energy by 11.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 129,778 shares of the company’s stock valued at $1,577,000 after acquiring an additional 12,842 shares during the last quarter. Hedge funds and other 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.