Talos Energy (NYSE:TALO) Share Price Breaks Below 200-Day Moving Average – Here’s Why

Shares of Talos Energy Inc. (NYSE:TALO) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $15.04 and traded as low as $14.67. Talos Energy shares last traded at $14.73, with a volume of 4,076,658 shares changing hands.

Analyst Ratings Changes

Several research analysts have commented on TALO shares. Citigroup raised their target price on shares of Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 15th. The Goldman Sachs Group restated a “buy” rating and set a $22.00 price target on shares of Talos Energy in a report on Tuesday, October 27th. Zacks Research downgraded shares of Talos Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, KeyCorp lifted their price objective on shares of Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 15th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.71.

Talos Energy Stock Down 5.6%

The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -6.35 and a beta of 0.45. The company has a quick ratio of 1.61, a current ratio of 1.15 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average of $17.13 and a two-hundred day moving average of $15.04.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.16. Talos Energy had a positive return on equity of 4.42% and a negative net margin of 18.36%. The firm had revenue of $595.99 million during the quarter, compared to the consensus estimate of $552.17 million. During the same period in the prior year, the business earned ($0.19) EPS. The business’s revenue for the quarter was up 32.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Talos Energy Inc. will post 1.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital sold 2,700,000 shares of the company’s stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $17.51, for a total value of $47,277,000.00. Following the transaction, the insider owned 29,659,036 shares in the company, valued at $519,329,720.36. This represents a 8.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 20,239,929 shares of company stock worth $356,446,912. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TALO. BlackRock Inc. acquired a new position in Talos Energy in the 2nd quarter valued at approximately $256,801,000. Dimensional Fund Advisors LP lifted its position in Talos Energy by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock worth $149,234,000 after buying an additional 501,552 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Talos Energy in the 2nd quarter worth approximately $51,874,000. Webs Creek Capital Management LP purchased a new stake in Talos Energy in the 2nd quarter worth approximately $27,039,375. Finally, Empowered Funds LLC acquired a new stake in shares of Talos Energy during the 2nd quarter valued at $16,280,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

About Talos Energy

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.