Talos Energy (NYSE:TALO) Shares Gap Down – What’s Next?

Talos Energy Inc. (NYSE:TALO)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $10.66, but opened at $10.43. Talos Energy shares last traded at $10.66, with a volume of 39,894 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. KeyCorp lowered their price target on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. BMO Capital Markets decreased their price target on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. Mizuho cut their price objective on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. began coverage on shares of Talos Energy in a report on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.28.

Talos Energy Stock Performance

The company has a market cap of $1.96 billion, a P/E ratio of 20.15 and a beta of 1.91. The business’s 50 day simple moving average is $10.48 and its 200 day simple moving average is $10.90. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47.

Talos Energy (NYSE:TALO) last released its earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. During the same quarter in the previous year, the business posted $0.14 EPS. Talos Energy’s revenue was up 32.9% on a year-over-year basis. Sell-side analysts predict that Talos Energy Inc. will post -0.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talos Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Talos Energy by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock valued at $79,545,000 after buying an additional 179,181 shares during the last quarter. Philosophy Capital Management LLC boosted its stake in shares of Talos Energy by 37.8% during the third quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock valued at $31,728,000 after purchasing an additional 841,414 shares during the period. American Century Companies Inc. raised its holdings in shares of Talos Energy by 26.2% in the second quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock valued at $36,236,000 after acquiring an additional 619,169 shares in the last quarter. HITE Hedge Asset Management LLC raised its holdings in shares of Talos Energy by 78.0% in the second quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock valued at $30,939,000 after acquiring an additional 1,116,241 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Talos Energy by 1.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,817,719 shares of the company’s stock valued at $18,813,000 after acquiring an additional 33,985 shares in the last quarter. 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.