Talos Energy (NYSE:TALO) Shares Down 5.4% - What's Next?

Key Points

• Shares down 5.4% — Talos stock slipped to about $15.06 intraday on Friday with only ~53,983 shares traded, roughly a 98% drop from its average daily volume, and a market cap near $2.6 billion.
• Earnings miss — In its most recent quarter Talos reported EPS of ($0.44) versus estimates of ($0.27) and revenue of $392.2M versus $431.2M expected, with revenue down 19.2% year‑over‑year and a negative net margin of ~27.8%.
• Analysts and insider moves: analyst coverage is mixed (3 Buy, 3 Hold, 1 Sell) with an average price target of $17.20 (Citigroup raised its target to $20), and insider Control Empresarial sold 1.352M shares for about $22.6M, trimming its stake.

Talos Energy Inc. (NYSE:TALO - Get Free Report) shares were down 5.4% during mid-day trading on Friday . The company traded as low as $15.56 and last traded at $15.0640. Approximately 53,983 shares traded hands during trading, a decline of 98% from the average daily volume of 2,266,677 shares. The stock had previously closed at $15.92.

Analyst Ratings Changes

A number of equities analysts have issued reports on TALO shares. Citigroup raised their target price on Talos Energy from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, March 31st. Benchmark cut Talos Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 5th. Wall Street Zen cut Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, April 25th. Roth Mkm restated a "neutral" rating and set a $16.00 target price (up from $13.00) on shares of Talos Energy in a report on Wednesday, April 8th. Finally, Mizuho raised their price target on Talos Energy from $14.00 to $15.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.20.

Talos Energy Stock Performance

The company has a market cap of $2.60 billion, a price-to-earnings ratio of -5.46 and a beta of 0.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a 50-day moving average price of $14.44 and a 200 day moving average price of $12.24.

Talos Energy (NYSE:TALO - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.17). The business had revenue of $392.24 million for the quarter, compared to analyst estimates of $431.22 million. Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.The company's revenue for the quarter was down 19.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 EPS. As a group, analysts anticipate that Talos Energy Inc. will post 0.21 EPS for the current fiscal year.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital sold 1,352,000 shares of the firm's stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the sale, the insider owned 41,233,604 shares of the company's stock, valued at $687,776,514.72. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Talos Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC raised its position in Talos Energy by 142.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company's stock valued at $32,000 after buying an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Talos Energy by 134.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company's stock valued at $32,000 after buying an additional 2,123 shares during the last quarter. Quarry LP acquired a new stake in Talos Energy in the 3rd quarter valued at approximately $36,000. PNC Financial Services Group Inc. raised its position in Talos Energy by 22.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company's stock valued at $54,000 after buying an additional 1,049 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Talos Energy by 395.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company's stock valued at $56,000 after buying an additional 5,236 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.

Talos Energy Company Profile

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company's core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy's asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.

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