Talos Energy (TALO) Hits New 12-Month Low at $23.44

Talos Energy Inc (NYSE:TALO) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $23.44 and last traded at $23.52, with a volume of 108761 shares. The stock had previously closed at $24.42.

TALO has been the topic of several research analyst reports. ValuEngine cut shares of Talos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 20th. Capital One Financial initiated coverage on shares of Talos Energy in a research report on Monday, August 27th. They issued an “overweight” rating and a $45.00 target price on the stock. Seaport Global Securities reissued a “buy” rating on shares of Talos Energy in a research report on Monday, August 27th. Northland Securities began coverage on shares of Talos Energy in a research report on Monday, October 22nd. They set an “outperform” rating and a $45.00 price target on the stock. Finally, Roth Capital began coverage on shares of Talos Energy in a research report on Tuesday, October 16th. They set a “buy” rating and a $48.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $42.00.

The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 56.79 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.96 and a current ratio of 2.96.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Monday, November 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.69). The business had revenue of $282.87 million for the quarter, compared to analyst estimates of $279.40 million. Talos Energy had a negative net margin of 4.09% and a negative return on equity of 3.76%. As a group, research analysts predict that Talos Energy Inc will post 2.37 EPS for the current fiscal year.

In other Talos Energy news, Director John B. Juneau purchased 12,400 shares of Talos Energy stock in a transaction on Thursday, November 8th. The shares were purchased at an average cost of $24.15 per share, with a total value of $299,460.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc purchased a new stake in shares of Talos Energy during the second quarter valued at approximately $112,000. Bank of America Corp DE purchased a new stake in shares of Talos Energy during the second quarter valued at approximately $159,000. Russell Investments Group Ltd. purchased a new stake in shares of Talos Energy during the second quarter valued at approximately $164,000. Strs Ohio purchased a new stake in shares of Talos Energy during the second quarter valued at approximately $189,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Talos Energy during the second quarter valued at approximately $240,000. Institutional investors own 99.56% of the company’s stock.

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Talos Energy Company Profile (NYSE:TALO)

Talos Energy Inc, an independent oil and gas company, focuses on the offshore exploration and production in the United States Gulf of Mexico and the shallow waters off the coast of Mexico. The company is headquartered in Houston, Texas.

Further Reading: Bear Market

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