Talos Energy (NYSE:TALO) Hits New 1-Year Low at $9.81

Shares of Talos Energy Inc. (NYSE:TALO) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $9.81 and last traded at $10.08, with a volume of 207949 shares changing hands. The stock had previously closed at $10.67.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TALO. KeyCorp upped their target price 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. Benchmark reissued a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a report on Friday, June 21st. Stifel Nicolaus increased their price target on shares of Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Stephens reissued an “overweight” rating and issued a $24.00 price target on shares of Talos Energy in a report on Wednesday, July 10th. Finally, The Goldman Sachs Group began coverage on shares of Talos Energy in a report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target on the stock. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Talos Energy currently has an average rating of “Buy” and a consensus target price of $20.17.

Talos Energy Stock Performance

The stock’s 50-day simple moving average is $11.43 and its 200-day simple moving average is $12.50. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 152.43 and a beta of 1.95. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56.

Talos Energy (NYSE:TALO) last announced its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.13. The firm had revenue of $429.93 million for the quarter, compared to analyst estimates of $404.00 million. Talos Energy had a negative net margin of 0.96% and a negative return on equity of 0.16%. Analysts forecast that Talos Energy Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital purchased 200,000 shares of Talos Energy stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average price of $11.48 per share, for a total transaction of $2,296,000.00. Following the transaction, the insider now owns 36,272,904 shares of the company’s stock, valued at approximately $416,412,937.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have bought 900,000 shares of company stock worth $10,112,500. Corporate insiders own 0.77% of the company’s stock.

Institutional Trading of Talos Energy

Several large investors have recently made changes to their positions in TALO. State of New Jersey Common Pension Fund D grew its stake in shares of Talos Energy by 25.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 181,473 shares of the company’s stock worth $2,582,000 after buying an additional 36,890 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Talos Energy by 11.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock worth $89,474,000 after buying an additional 669,552 shares during the last quarter. Natixis bought a new stake in shares of Talos Energy during the first quarter worth $768,000. Capstone Investment Advisors LLC bought a new stake in shares of Talos Energy during the first quarter worth $1,066,000. Finally, Vanguard Group Inc. grew its stake in shares of Talos Energy by 23.7% during the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock worth $136,425,000 after buying an additional 1,873,537 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

About Talos Energy

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.