Talos Energy (NYSE:TALO) Shares Gap Down to $11.94

Shares of Talos Energy Inc. (NYSE:TALO) gapped down before the market opened on Friday . The stock had previously closed at $11.94, but opened at $10.93. Talos Energy shares last traded at $10.96, with a volume of 662,731 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on TALO shares. The Goldman Sachs Group started coverage on Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 target price on the stock. Stephens restated an “overweight” rating and set a $24.00 target price on shares of Talos Energy in a research note on Wednesday, July 10th. Finally, Benchmark restated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research note on Thursday, August 8th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $20.31.

Talos Energy Stock Down 3.9 %

The company has a market cap of $2.11 billion, a price-to-earnings ratio of 163.86 and a beta of 1.95. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $11.64 and a two-hundred day moving average of $12.33.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.16. The company had revenue of $549.17 million during the quarter, compared to analysts’ expectations of $516.61 million. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. Talos Energy’s quarterly revenue was up 49.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. As a group, equities analysts anticipate that Talos Energy Inc. will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 343,000 shares of Talos Energy stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $9.99 per share, with a total value of $3,426,570.00. Following the completion of the acquisition, the insider now directly owns 39,488,904 shares of the company’s stock, valued at $394,494,150.96. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders acquired 1,199,000 shares of company stock valued at $13,035,570. 0.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On Talos Energy

Hedge funds have recently made changes to their positions in the company. Signaturefd LLC grew its position in shares of Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after purchasing an additional 917 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Talos Energy by 44.3% in the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after purchasing an additional 1,731 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Talos Energy by 13.8% in the second quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock valued at $185,000 after purchasing an additional 1,838 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Talos Energy by 91.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after purchasing an additional 2,235 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Talos Energy by 7.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,848 shares of the company’s stock valued at $411,000 after purchasing an additional 2,314 shares in the last quarter. Institutional investors and hedge funds 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.