Talos Energy (NYSE:TALO) Hits New 52-Week Low After Analyst Downgrade

Shares of Talos Energy Inc. (NYSE:TALO) reached a new 52-week low during mid-day trading on Wednesday after KeyCorp lowered their price target on the stock from $21.00 to $16.00. KeyCorp currently has an overweight rating on the stock. Talos Energy traded as low as $9.74 and last traded at $9.74, with a volume of 57421 shares trading hands. The stock had previously closed at $9.87.

Other research analysts have also issued reports about the company. Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research report on Friday, September 27th. The Goldman Sachs Group started coverage on shares of Talos Energy in a research report on Monday, July 22nd. They set a “buy” rating and a $14.00 price target on the stock. BMO Capital Markets cut their target price on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Mizuho began coverage on Talos Energy in a report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price target on the stock. Finally, Stephens reaffirmed an “overweight” rating and set a $24.00 price target on shares of Talos Energy in a report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.65.

Insider Activity at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital purchased 547,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average cost of $10.92 per share, for a total transaction of $5,973,240.00. Following the completion of the acquisition, the insider now directly owns 40,685,904 shares in the company, valued at $444,290,071.68. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders acquired 2,119,000 shares of company stock valued at $22,931,130. Insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors have recently bought and sold shares of the business. Signaturefd LLC lifted its position in Talos Energy by 51.9% during the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after buying an additional 917 shares in the last quarter. CIBC Asset Management Inc boosted its position in Talos Energy by 13.8% during the 2nd quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock worth $185,000 after acquiring an additional 1,838 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Talos Energy by 91.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after acquiring an additional 2,235 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Talos Energy by 7.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,848 shares of the company’s stock worth $411,000 after acquiring an additional 2,314 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in Talos Energy by 23.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 13,717 shares of the company’s stock worth $191,000 after acquiring an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Trading Down 2.4 %

The company has a market cap of $1.77 billion, a price-to-earnings ratio of 137.57 and a beta of 1.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a fifty day moving average price of $11.18 and a 200 day moving average price of $11.81.

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 business 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%. The firm’s revenue for the quarter was up 49.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 EPS. As a group, equities analysts predict that Talos Energy Inc. will post -0.14 EPS for the current fiscal year.

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.