Talos Energy (NYSE:TALO) Shares Gap Down – Time to Sell?

Talos Energy Inc. (NYSE:TALO) shares gapped down prior to trading on Wednesday . The stock had previously closed at $16.16, but opened at $14.35. Talos Energy shares last traded at $14.5710, with a volume of 698,720 shares.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Mizuho raised their price objective on shares of Talos Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Wall Street Zen raised shares of Talos Energy from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup raised their price objective on shares of Talos Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Roth Mkm reaffirmed a “neutral” rating and issued a $16.00 price objective (up from $13.00) on shares of Talos Energy in a report on Wednesday. Finally, KeyCorp raised their price objective on shares of Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.20.

Talos Energy Stock Performance

The company’s fifty day simple moving average is $13.67 and its 200 day simple moving average is $11.67. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $2.47 billion, a P/E ratio of -5.17 and a beta of 0.35.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.17). Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The firm had revenue of $392.24 million during the quarter, compared to the consensus estimate of $431.22 million. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s revenue for the quarter was down 19.2% on a year-over-year basis. As a group, sell-side analysts forecast that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital sold 1,352,000 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of $16.68, for a total value of $22,551,360.00. Following the completion of the transaction, the insider directly owned 41,233,604 shares of the company’s stock, valued at $687,776,514.72. This trade represents a 3.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Public Sector Pension Investment Board boosted its holdings in Talos Energy by 43.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 601,218 shares of the company’s stock valued at $5,766,000 after purchasing an additional 181,443 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Talos Energy during the 3rd quarter valued at $3,635,000. SummerHaven Investment Management LLC purchased a new stake in shares of Talos Energy during the 3rd quarter valued at $901,000. Principal Financial Group Inc. raised its position in shares of Talos Energy by 40.7% during the 3rd quarter. Principal Financial Group Inc. now owns 858,560 shares of the company’s stock valued at $8,234,000 after buying an additional 248,200 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Talos Energy by 292.6% during the 4th quarter. SG Americas Securities LLC now owns 268,362 shares of the company’s stock valued at $2,957,000 after buying an additional 200,000 shares in the last quarter. 89.35% of the stock is owned by institutional investors.

About Talos Energy

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.