Talos Energy (NYSE:TALO) Reaches New 12-Month Low – Should You Sell?

Talos Energy Inc. (NYSE:TALO)’s share price hit 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 changing hands. The stock had previously closed at $9.53.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TALO shares. Citigroup upped their target price on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Benchmark reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Tuesday, November 12th. KeyCorp decreased their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets dropped their price target on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Finally, Mizuho cut their price target on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.28.

Talos Energy Price Performance

The stock has a market cap of $1.65 billion, a P/E ratio of 17.02 and a beta of 1.92. 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 50 day simple moving average of $10.70 and a 200-day simple moving average of $11.09.

Talos Energy (NYSE:TALO) last released its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share 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 analysts’ expectations of $504.44 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The firm’s revenue was up 32.9% compared to the same quarter last year. On average, sell-side analysts forecast that Talos Energy Inc. will post -0.35 EPS for the current year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital acquired 100,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was acquired at an average price of $10.31 per share, for a total transaction of $1,031,000.00. Following the acquisition, the insider now owns 43,545,604 shares in the company, valued at $448,955,177.24. This represents a 0.23 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in shares of Talos Energy by 1,557.7% during the second quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock valued at $22,292,000 after purchasing an additional 1,724,014 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in Talos Energy during the second quarter valued at $18,832,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Talos Energy during the 2nd quarter valued at $13,693,000. HITE Hedge Asset Management LLC grew its position in shares of Talos Energy by 78.0% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock worth $30,939,000 after buying an additional 1,116,241 shares during the period. Finally, Bridgewater Associates LP purchased a new position in Talos Energy during the 3rd quarter valued at about $8,805,000. 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.