Talos Energy (NYSE:TALO) Shares Down 2.8% – What’s Next?

Shares of Talos Energy Inc. (NYSE:TALO) dropped 2.8% on Friday . The company traded as low as $10.66 and last traded at $10.71. Approximately 191,132 shares were traded 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.

Analyst Upgrades and Downgrades

TALO has been the topic of a number of analyst reports. KeyCorp cut their price target on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. BMO Capital Markets cut their price target on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Benchmark reissued a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Tuesday, November 12th. JPMorgan Chase & Co. began coverage on Talos Energy in a research note on Thursday, December 5th. They set a “neutral” rating and a $12.00 price objective on the stock. Finally, Citigroup raised their price objective on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Talos Energy presently has an average rating of “Moderate Buy” and a consensus target price of $15.94.

Talos Energy Stock Performance

The stock has a fifty day simple moving average of $10.45 and a 200-day simple moving average of $10.89. The stock has a market cap of $1.96 billion, a P/E ratio of 20.19 and a beta of 1.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97.

Talos Energy (NYSE:TALO) last released 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). The firm had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. Talos Energy’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. On average, equities analysts expect that Talos Energy Inc. will post -0.35 earnings per share for the current year.

Hedge Funds Weigh In On Talos Energy

A number of large investors have recently added to or reduced their stakes in the company. Everence Capital Management Inc. increased its holdings in Talos Energy by 8.6% during the 3rd quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock worth $228,000 after purchasing an additional 1,740 shares in the last quarter. US Bancorp DE grew its holdings in shares of Talos Energy by 113.3% in the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after acquiring an additional 1,827 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Talos Energy by 2.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 111,892 shares of the company’s stock valued at $1,086,000 after acquiring an additional 2,192 shares in the last quarter. Virtus Investment Advisers Inc. bought a new position in shares of Talos Energy in the 3rd quarter valued at about $31,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Talos Energy by 2.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 167,249 shares of the company’s stock valued at $1,731,000 after acquiring an additional 3,961 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.