Talos Energy (NYSE:TALO) Share Price Breaks Below 200-Day Moving Average - Here's Why

Key Points

• Talos Energy fell below its 200-day moving average, trading as low as $14.67 and last at $14.73; the stock was down 5.6%.
• The company beat quarterly expectations, reporting EPS of $0.58 versus $0.42 expected and revenue of $596 million, up 32.4% year over year.
• Analyst views are mixed: the consensus rating is Hold, with a $19.71 average price target. An insider also sold 1.2 million shares for about $22 million.

Shares of Talos Energy Inc. (NYSE:TALO - Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $15.04 and traded as low as $14.67. Talos Energy shares last traded at $14.73, with a volume of 4,076,658 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TALO. Wall Street Zen upgraded shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. KeyCorp boosted their price target on shares of Talos Energy from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 15th. Citigroup boosted their price target on shares of Talos Energy from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, October 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Talos Energy in a research note on Tuesday. Finally, Zacks Research cut shares of Talos Energy from a "strong-buy" rating to a "hold" rating in a report on Monday, October 19th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.71.

Talos Energy Trading Down 5.6%

The company has a current ratio of 1.15, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $17.13 and a 200-day moving average price of $15.04. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -6.35 and a beta of 0.45.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.16. Talos Energy had a positive return on equity of 4.42% and a negative net margin of 18.36%. The business had revenue of $595.99 million during the quarter, compared to analyst estimates of $552.17 million. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. The company's revenue was up 32.4% on a year-over-year basis. As a group, sell-side analysts predict that Talos Energy Inc. will post 1.58 EPS for the current year.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital sold 1,200,000 shares of the company's stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $18.33, for a total value of $21,996,000.00. Following the completion of the sale, the insider directly owned 20,491,414 shares of the company's stock, valued at approximately $375,607,618.62. This represents a 5.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 20,239,929 shares of company stock valued at $356,446,912 in the last quarter. 0.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Talos Energy

Several hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp grew its holdings in shares of Talos Energy by 1.7% in the 3rd quarter. Fifth Third Bancorp now owns 47,083 shares of the company's stock worth $769,000 after acquiring an additional 798 shares during the last quarter. Maryland State Retirement & Pension System raised its position in shares of Talos Energy by 53.6% during the third quarter. Maryland State Retirement & Pension System now owns 27,648 shares of the company's stock worth $451,000 after purchasing an additional 9,649 shares during the period. Paragon Advisors LLC purchased a new stake in shares of Talos Energy during the third quarter valued at $284,000. Parallel Advisors LLC lifted its holdings in shares of Talos Energy by 216.8% during the third quarter. Parallel Advisors LLC now owns 4,835 shares of the company's stock valued at $79,000 after purchasing an additional 3,309 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Talos Energy in the 3rd quarter valued at $274,000. Institutional investors and hedge funds own 89.35% of the company's stock.

About Talos Energy

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company's upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.

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