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

Talos Energy Inc. (NYSE:TALO - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $8.17, but opened at $7.89. Talos Energy shares last traded at $7.81, with a volume of 2,891,449 shares.

Analyst Ratings Changes

Several brokerages have recently weighed in on TALO. JPMorgan Chase & Co. decreased their target price on shares of Talos Energy from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Citigroup reduced their price objective on shares of Talos Energy from $14.50 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. KeyCorp reduced their price objective on shares of Talos Energy from $16.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, Mizuho reduced their price objective on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Talos Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.25.

Talos Energy Stock Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.42 billion, a PE ratio of 14.85 and a beta of 0.65. The stock's fifty day simple moving average is $7.66 and its 200-day simple moving average is $9.02.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. grew its stake in Talos Energy by 318.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company's stock worth $19,106,000 after acquiring an additional 1,497,472 shares during the period. Dimensional Fund Advisors LP grew its stake in Talos Energy by 11.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company's stock worth $74,964,000 after acquiring an additional 763,631 shares during the period. Janus Henderson Group PLC grew its stake in Talos Energy by 1,229.2% in the 4th quarter. Janus Henderson Group PLC now owns 792,528 shares of the company's stock worth $7,699,000 after acquiring an additional 732,904 shares during the period. American Century Companies Inc. grew its stake in Talos Energy by 14.9% in the 4th quarter. American Century Companies Inc. now owns 4,427,546 shares of the company's stock worth $42,991,000 after acquiring an additional 575,096 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Talos Energy in the 1st quarter worth approximately $5,327,000. 89.35% of the stock is 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.