Talos Energy (NYSE:TALO) Trading Down 5% - Should You Sell?

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) shares traded down 5% 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.

Analysts Set New Price Targets

A number of research firms have commented on TALO. Wall Street Zen downgraded shares of Talos Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Mizuho reissued a "neutral" rating and set a $11.00 target price on shares of Talos Energy in a research report on Monday, September 15th. Finally, Capital One Financial began coverage on shares of Talos Energy in a research report on Monday, June 16th. They set an "overweight" rating and a $14.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Talos Energy currently has an average rating of "Moderate Buy" and a consensus target price of $14.25.

Talos Energy Stock Performance

The business's 50-day moving average price is $8.90 and its 200-day moving average price is $8.48. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.56 billion, a PE ratio of -9.22 and a beta of 0.80.

Talos Energy (NYSE:TALO - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.33) by $0.06. The company had revenue of $424.72 million during the quarter, compared to analysts' expectations of $443.53 million. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. Talos Energy's revenue for the quarter was down 22.7% on a year-over-year basis. During the same period last year, the business earned $0.03 EPS. As a group, equities research analysts expect that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Paula R. Glover sold 6,159 shares of Talos Energy stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total value of $59,680.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by company insiders.

Institutional Trading of Talos Energy

A number of institutional investors have recently bought and sold shares of TALO. Deutsche Bank AG lifted its stake in Talos Energy by 48.4% during the 4th quarter. Deutsche Bank AG now owns 126,388 shares of the company's stock valued at $1,227,000 after acquiring an additional 41,203 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Talos Energy by 1.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,413 shares of the company's stock valued at $800,000 after acquiring an additional 1,403 shares during the period. ProShare Advisors LLC lifted its stake in Talos Energy by 42.3% during the 4th quarter. ProShare Advisors LLC now owns 43,276 shares of the company's stock valued at $420,000 after acquiring an additional 12,866 shares during the period. Squarepoint Ops LLC lifted its stake in Talos Energy by 279.9% during the 4th quarter. Squarepoint Ops LLC now owns 387,405 shares of the company's stock valued at $3,762,000 after acquiring an additional 285,424 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Talos Energy by 3.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,879,291 shares of the company's stock valued at $18,248,000 after acquiring an additional 61,572 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.