Talos Energy (NYSE:TALO) Sets New 12-Month Low at $11.71

Talos Energy Inc. (NYSE:TALOGet Free Report)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $11.71 and last traded at $11.71, with a volume of 82168 shares changing hands. The stock had previously closed at $11.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TALO shares. KeyCorp boosted their price target on shares of Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Stifel Nicolaus boosted their target price on shares of Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Stephens decreased their target price on shares of Talos Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Tuesday, May 7th. Benchmark decreased their target price on shares of Talos Energy from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Finally, Citigroup assumed coverage on shares of Talos Energy in a report on Friday, March 22nd. They set a “buy” rating and a $16.50 price objective for the company. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talos Energy presently has a consensus rating of “Buy” and an average target price of $20.94.

Read Our Latest Stock Analysis on Talos Energy

Talos Energy Stock Down 3.0 %

The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 171.29 and a beta of 1.99. The firm’s fifty day simple moving average is $13.35 and its 200 day simple moving average is $13.40.

Talos Energy (NYSE:TALOGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.26). Talos Energy had a negative net margin of 0.96% and a negative return on equity of 0.16%. The business had revenue of $384.96 million during the quarter, compared to analyst estimates of $386.90 million. On average, sell-side analysts forecast that Talos Energy Inc. will post -0.04 earnings per share for the current year.

Insider Transactions at Talos Energy

In related news, insider Control Empresarial De Capital purchased 468,729 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $12.77 per share, with a total value of $5,985,669.33. Following the completion of the purchase, the insider now directly owns 35,216,510 shares in the company, valued at $449,714,832.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in Talos Energy in the 1st quarter valued at $50,000. Sandia Investment Management LP bought a new position in Talos Energy in the 1st quarter worth about $70,000. Quadrant Capital Group LLC raised its holdings in shares of Talos Energy by 44.3% in the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after acquiring an additional 1,731 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Talos Energy by 13.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock valued at $127,000 after acquiring an additional 903 shares in the last quarter. Finally, Norden Group LLC purchased a new stake in shares of Talos Energy in the 1st quarter valued at about $147,000. 89.35% of the stock is currently owned by institutional investors.

About Talos Energy

(Get Free Report)

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.

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