Talos Energy (NYSE:TALO) Shares Gap Down to $10.35

Talos Energy Inc. (NYSE:TALO) shares gapped down prior to trading on Tuesday . The stock had previously closed at $10.35, but opened at $10.10. Talos Energy shares last traded at $10.28, with a volume of 389,742 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Friday. Mizuho assumed coverage on Talos Energy in a research note on Thursday, September 19th. They set an “outperform” rating and a $16.00 price target on the stock. Stephens reaffirmed an “overweight” rating and issued a $24.00 price objective on shares of Talos Energy in a research note on Wednesday, July 10th. Finally, The Goldman Sachs Group initiated coverage on Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 target price on the stock. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Talos Energy presently has an average rating of “Buy” and a consensus target price of $19.83.

Talos Energy Stock Performance

The stock’s 50-day simple moving average is $11.28 and its 200 day simple moving average is $12.03. The company has a market capitalization of $1.91 billion, a PE ratio of 147.86 and a beta of 1.94. 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 quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.16. The company had revenue of $549.17 million for the quarter, compared to analysts’ expectations of $516.61 million. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. Talos Energy’s quarterly revenue was up 49.6% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. As a group, research analysts expect that Talos Energy Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital acquired 250,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were bought at an average price of $10.52 per share, with a total value of $2,630,000.00. Following the completion of the acquisition, the insider now owns 43,108,904 shares in the company, valued at $453,505,670.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 2,019,000 shares of company stock worth $21,900,130 over the last 90 days. 0.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Talos Energy

Several large investors have recently modified their holdings of the company. Creative Planning boosted its stake in Talos Energy by 47.1% during the 2nd quarter. Creative Planning now owns 29,083 shares of the company’s stock worth $353,000 after purchasing an additional 9,315 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Talos Energy by 26.7% during the second quarter. The Manufacturers Life Insurance Company now owns 80,571 shares of the company’s stock worth $979,000 after buying an additional 17,004 shares during the period. Encompass Capital Advisors LLC purchased a new stake in Talos Energy during the 2nd quarter valued at approximately $18,832,000. AQR Capital Management LLC purchased a new stake in Talos Energy during the 2nd quarter valued at approximately $608,000. Finally, Squarepoint Ops LLC acquired a new stake in Talos Energy during the 2nd quarter worth approximately $1,186,000. 89.35% of the stock is owned by institutional investors and hedge funds.

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.