Talos Energy (NYSE:TALO) Reaches New 52-Week Low at $11.71

Talos Energy Inc. (NYSE:TALO - Get Free Report) reached a new 52-week low 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.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TheStreet downgraded Talos Energy from a "b-" rating to a "c+" rating in a research report on Tuesday, March 19th. Stephens cut their price objective on Talos Energy from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 7th. Benchmark cut their price objective on Talos Energy from $23.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, May 7th. Stifel Nicolaus upped their price objective on Talos Energy from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday, April 23rd. Finally, Citigroup initiated coverage on Talos Energy in a research report on Friday, March 22nd. They issued a "buy" rating and a $16.50 price objective on the stock. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Talos Energy presently has a consensus rating of "Buy" and an average target price of $20.94.

Talos Energy Stock Down 1.8 %

The firm has a market capitalization of $2.17 billion, a PE ratio of 168.29 and a beta of 1.99. The company has a fifty day simple moving average of $13.33 and a two-hundred day simple moving average of $13.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 0.78.

Talos Energy (NYSE:TALO - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.26). Talos Energy had a negative return on equity of 0.16% and a negative net margin of 0.96%. The firm had revenue of $384.96 million during the quarter, compared to analysts' expectations of $386.90 million. Analysts forecast that Talos Energy Inc. will post -0.04 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Talos Energy

A number of hedge funds have recently made changes to their positions in TALO. Vanguard Group Inc. raised its stake in Talos Energy by 23.7% in the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company's stock valued at $136,425,000 after buying an additional 1,873,537 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Talos Energy by 11.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company's stock valued at $89,474,000 after buying an additional 669,552 shares during the last quarter. Sourcerock Group LLC raised its stake in Talos Energy by 9.7% in the third quarter. Sourcerock Group LLC now owns 6,274,940 shares of the company's stock valued at $103,160,000 after buying an additional 552,423 shares during the last quarter. Invesco Senior Secured Management Inc. ADV purchased a new stake in Talos Energy in the first quarter valued at about $77,977,000. Finally, Canada Pension Plan Investment Board raised its stake in Talos Energy by 17.2% in the third quarter. Canada Pension Plan Investment Board now owns 3,400,000 shares of the company's stock valued at $55,896,000 after buying an additional 500,000 shares during the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.