Talos Energy (NYSE:TALO) Shares Down 4.9%

Talos Energy Inc. (NYSE:TALOGet Rating)’s share price was down 4.9% during mid-day trading on Friday . The stock traded as low as $18.98 and last traded at $19.16. Approximately 2,741 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 1,079,187 shares. The stock had previously closed at $20.14.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TALO shares. Stifel Nicolaus started coverage on shares of Talos Energy in a research report on Wednesday, October 19th. They issued a “buy” rating and a $27.00 price target on the stock. TheStreet raised shares of Talos Energy from a “c-” rating to a “b-” rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Talos Energy has a consensus rating of “Moderate Buy” and an average target price of $22.92.

Talos Energy Price Performance

The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 3.66 and a beta of 2.30. The stock’s 50 day moving average price is $20.05 and its two-hundred day moving average price is $19.22.

Talos Energy (NYSE:TALOGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.42. The firm had revenue of $377.13 million during the quarter, compared to analysts’ expectations of $324.51 million. Talos Energy had a net margin of 27.18% and a return on equity of 28.61%. Analysts anticipate that Talos Energy Inc. will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Talos Energy

A number of hedge funds have recently bought and sold shares of the company. Comerica Bank raised its position in shares of Talos Energy by 1.6% during the first quarter. Comerica Bank now owns 36,563 shares of the company’s stock valued at $737,000 after buying an additional 560 shares during the last quarter. SG Americas Securities LLC grew its holdings in Talos Energy by 62.9% during the 1st quarter. SG Americas Securities LLC now owns 69,361 shares of the company’s stock worth $1,095,000 after acquiring an additional 26,773 shares during the period. Russell Investments Group Ltd. grew its holdings in Talos Energy by 25.5% during the 1st quarter. Russell Investments Group Ltd. now owns 123,464 shares of the company’s stock worth $1,947,000 after acquiring an additional 25,099 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Talos Energy by 176.5% in the 1st quarter. New York State Common Retirement Fund now owns 74,400 shares of the company’s stock valued at $1,175,000 after buying an additional 47,489 shares during the period. Finally, Fisher Asset Management LLC acquired a new position in shares of Talos Energy in the 1st quarter valued at $254,000. 92.31% of the stock is currently owned by institutional investors.

About Talos Energy

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Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2021, the company had proved reserves of 161.59 million barrels of oil equivalent, consisting of 107,764 thousand barrels of crude oil, 236,353 million cubic feet of natural gas, and 14,435 thousand barrels of crude oil.

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