Talos Energy (NYSE:TALO) Reaches New 1-Year Low at $10.76

Posted by Defense World Staff on May 11th, 2023

Talos Energy Inc. (NYSE:TALO – Get Rating)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.76 and last traded at $11.02, with a volume of 1269168 shares traded. The stock had previously closed at $13.16.

Analysts Set New Price Targets

TALO has been the subject of several analyst reports. Stephens initiated coverage on shares of Talos Energy in a report on Monday, April 24th. They set an “overweight” rating and a $21.00 price target for the company. Benchmark restated a “buy” rating and set a $40.00 price target on shares of Talos Energy in a report on Friday, March 24th. Stifel Nicolaus raised their price target on shares of Talos Energy from $22.00 to $24.00 in a report on Thursday, April 27th. KeyCorp raised their price target on shares of Talos Energy from $18.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, April 21st. Finally, Roth Capital restated a “buy” rating on shares of Talos Energy in a report on Tuesday, February 28th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Talos Energy has a consensus rating of “Buy” and a consensus target price of $25.80.

Talos Energy Stock Up 4.2 %

The firm’s 50 day moving average price is $14.02 and its two-hundred day moving average price is $17.56. The company has a market cap of $1.46 billion, a P/E ratio of 1.87 and a beta of 2.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.61 and a current ratio of 0.61.

Talos Energy (NYSE:TALO – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.42). Talos Energy had a net margin of 34.48% and a return on equity of 15.20%. The business had revenue of $342.20 million during the quarter, compared to analyst estimates of $350.00 million. Equities research analysts anticipate that Talos Energy Inc. will post 2.13 EPS for the current fiscal year.

Insider Activity at Talos Energy

In related news, major shareholder Bcc Enven Investments (S), L.P sold 363,804 shares of Talos Energy stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $14.50, for a total value of $5,275,158.00. Following the completion of the sale, the insider now owns 15,145,377 shares of the company’s stock, valued at approximately $219,607,966.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.98% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds have recently bought and sold shares of TALO. Swiss National Bank boosted its holdings in Talos Energy by 8.1% during the 1st quarter. Swiss National Bank now owns 67,800 shares of the company’s stock worth $1,071,000 after acquiring an additional 5,100 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Talos Energy by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 361,491 shares of the company’s stock worth $5,707,000 after acquiring an additional 5,793 shares during the last quarter. US Bancorp DE boosted its holdings in Talos Energy by 39.2% during the 1st quarter. US Bancorp DE now owns 2,811 shares of the company’s stock worth $44,000 after acquiring an additional 791 shares during the last quarter. HighTower Advisors LLC purchased a new position in Talos Energy during the 1st quarter worth $287,000. Finally, Citigroup Inc. boosted its holdings in Talos Energy by 29.6% during the 1st quarter. Citigroup Inc. now owns 108,919 shares of the company’s stock worth $1,720,000 after acquiring an additional 24,869 shares during the last quarter. 96.24% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Company Profile

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Talos Energy, Inc operates as a holding company. The firm engages in the exploration and production of oil and natural gas. It focuses on the exploration, acquisition, exploitation and development of shallow and deepwater assets near existing infrastructure in the United State Gulf of Mexico. The company was founded by John A.