Talos Energy (NYSE:TALO) Shares Down 5% - What's Next?

Key Points

• Talos Energy shares fell 5% to $9.04 after trading at lows of $9.05, with trading volume significantly down at 901,686 shares compared to an average of over 2.2 million.
• Despite the recent stock drop, Wall Street analysts have mixed ratings, with an average rating of "Moderate Buy" and a price target consensus of $14.25.
• In its latest earnings report, Talos Energy posted a loss of ($0.27) EPS, exceeding expectations, but revenue declined by 22.7% year-over-year to $424.72 million.

Talos Energy Inc. (NYSE:TALO - Get Free Report)'s stock price traded down 5% during mid-day trading on Friday . The company traded as low as $9.05 and last traded at $9.04. 901,686 shares changed hands during trading, a decline of 60% from the average session volume of 2,281,023 shares. The stock had previously closed at $9.51.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Mizuho reaffirmed a "neutral" rating and set a $11.00 price target on shares of Talos Energy in a report on Monday, September 15th. Capital One Financial assumed coverage on Talos Energy in a report on Monday, June 16th. They set an "overweight" rating and a $14.00 price target on the stock. Finally, Wall Street Zen downgraded Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $14.25.

Talos Energy Price Performance

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average price of $8.91 and a 200 day moving average price of $8.48. The stock has a market cap of $1.63 billion, a P/E ratio of -9.64 and a beta of 0.79.

Talos Energy (NYSE:TALO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.06. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The business had revenue of $424.72 million during the quarter, compared to the consensus estimate of $443.53 million. During the same period in the prior year, the company posted $0.03 EPS. The firm's revenue for the quarter was down 22.7% compared to the same quarter last year. On average, analysts forecast that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of Talos Energy stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total value of $59,680.71. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Talos Energy

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC lifted its position in Talos Energy by 571.3% during the first quarter. Signaturefd LLC now owns 5,612 shares of the company's stock valued at $55,000 after purchasing an additional 4,776 shares during the last quarter. GAMMA Investing LLC lifted its position in Talos Energy by 360.9% during the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock valued at $31,000 after purchasing an additional 2,501 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Talos Energy during the first quarter valued at $98,000. SG Americas Securities LLC lifted its position in Talos Energy by 11.0% during the first quarter. SG Americas Securities LLC now owns 67,692 shares of the company's stock valued at $658,000 after purchasing an additional 6,689 shares during the last quarter. Finally, Aristeia Capital L.L.C. bought a new position in Talos Energy during the first quarter valued at $275,000. Institutional investors own 89.35% of the company's stock.

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.