Talos Energy (NYSE:TALO) Shares Gap Down – Time to Sell?

Talos Energy Inc. (NYSE:TALO)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $16.16, but opened at $14.35. Talos Energy shares last traded at $14.5710, with a volume of 698,720 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have commented on TALO. Benchmark lowered shares of Talos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. Roth Mkm reiterated a “neutral” rating and issued a $16.00 price objective (up from $13.00) on shares of Talos Energy in a research note on Wednesday. Wall Street Zen upgraded shares of Talos Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Citigroup increased their price objective on shares of Talos Energy from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.20.

Talos Energy Stock Performance

The company’s 50 day moving average price is $13.67 and its 200-day moving average price is $11.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market cap of $2.47 billion, a PE ratio of -5.17 and a beta of 0.35.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.17). Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.The company had revenue of $392.24 million for the quarter, compared to analysts’ expectations of $431.22 million. During the same quarter in the previous year, the business earned $0.08 EPS. The company’s revenue for the quarter was down 19.2% on a year-over-year basis. Equities research analysts anticipate that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Control Empresarial De Capital sold 1,352,000 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the completion of the sale, the insider owned 41,233,604 shares in the company, valued at $687,776,514.72. This trade represents a 3.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Talos Energy

Large investors have recently modified their holdings of the stock. Larson Financial Group LLC increased its stake in shares of Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after purchasing an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after purchasing an additional 2,123 shares during the last quarter. Quarry LP purchased a new stake in shares of Talos Energy during the 3rd quarter worth approximately $36,000. PNC Financial Services Group Inc. increased its stake in shares of Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after purchasing an additional 1,049 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Talos Energy by 395.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after buying an additional 5,236 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.