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

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 trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TALO. Citigroup increased their price objective on shares of Talos Energy from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 15th. The Goldman Sachs Group restated a “buy” rating and set a $22.00 target price on shares of Talos Energy in a report on Tuesday, October 27th. KeyCorp upped their price target on Talos Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, September 15th. Zacks Research lowered Talos Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Talos Energy in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $19.71.

Talos Energy Stock Up 1.1%

The company has a market capitalization of $2.48 billion, a PE ratio of -6.40 and a beta of 0.45. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average of $17.09 and a two-hundred day moving average of $15.06.

Talos Energy (NYSE:TALO) last posted its earnings results on Tuesday, November 3rd. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.16. The company had revenue of $595.99 million for the quarter, compared to the consensus estimate of $552.17 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The company’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.19) earnings per share. Equities research analysts predict that Talos Energy Inc. will post 1.58 earnings per share for the current fiscal year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital sold 1,200,000 shares of the company’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $18.33, for a total value of $21,996,000.00. Following the transaction, the insider owned 20,491,414 shares of the company’s stock, valued at $375,607,618.62. This represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 20,239,929 shares of company stock valued at $356,446,912. 0.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Talos Energy

Institutional investors have recently made changes to their positions in the stock. Fortitude Family Office LLC lifted its holdings in shares of Talos Energy by 8,502.0% in the 3rd quarter. Fortitude Family Office LLC now owns 4,387 shares of the company’s stock worth $72,000 after acquiring an additional 4,336 shares during the last quarter. Parallel Advisors LLC increased its holdings in Talos Energy by 216.8% in the 3rd quarter. Parallel Advisors LLC now owns 4,835 shares of the company’s stock valued at $79,000 after purchasing an additional 3,309 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Talos Energy in the 2nd quarter valued at approximately $63,000. Nisa Investment Advisors LLC increased its holdings in Talos Energy by 57.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company’s stock valued at $136,000 after purchasing an additional 3,053 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Talos Energy by 317.7% in the third quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock valued at $148,000 after purchasing an additional 6,885 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.