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

Talos Energy Inc. (NYSE:TALO) shares gapped down before the market opened on Monday . The stock had previously closed at $14.96, but opened at $14.00. Talos Energy shares last traded at $14.0120, with a volume of 160,890 shares trading hands.

Analyst Ratings Changes

Several equities analysts have commented on TALO shares. Citigroup increased their price objective on shares of Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. KeyCorp increased their price objective on shares of Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Benchmark lowered shares of Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. increased their price objective on shares of Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, Roth Mkm restated a “neutral” rating and issued a $16.00 target price (up from $13.00) on shares of Talos Energy in a report on Wednesday, April 8th. Three 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 presently has a consensus rating of “Hold” and a consensus price target of $17.67.

Talos Energy Stock Down 6.3%

The company’s fifty day moving average price is $15.19 and its 200-day moving average price is $13.37. The stock has a market cap of $2.34 billion, a P/E ratio of -3.26 and a beta of 0.33. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The firm had revenue of $472.31 million during the quarter, compared to analyst estimates of $446.39 million. During the same quarter last year, the business earned $0.06 EPS. The business’s revenue was down 7.9% on a year-over-year basis. Equities analysts forecast that Talos Energy Inc. will post 0.41 EPS for the current year.

Insider Activity

In related news, insider Control Empresarial De Capital sold 339,568 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total value of $5,704,742.40. Following the transaction, the insider owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 2,935,568 shares of company stock valued at $48,892,022 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TALO. Public Sector Pension Investment Board raised its stake in shares of Talos Energy by 43.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 601,218 shares of the company’s stock worth $5,766,000 after acquiring an additional 181,443 shares in the last quarter. SG Americas Securities LLC raised its stake 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 worth $2,957,000 after acquiring an additional 200,000 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Talos Energy by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company’s stock worth $91,358,000 after acquiring an additional 164,999 shares in the last quarter. Tejara Capital Ltd bought a new position in shares of Talos Energy during the 4th quarter worth approximately $2,910,000. Finally, Brookwood Investment Group LLC bought a new position in shares of Talos Energy during the 4th quarter worth approximately $1,264,000. Institutional investors own 89.35% of the company’s stock.

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.