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

Talos Energy Inc (NYSE:TALO) shares 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.

Several research firms have issued reports on TALO. Seaport Global Securities reiterated a “buy” rating on shares of Talos Energy in a research report on Monday, August 27th. ValuEngine upgraded Talos Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Roth Capital began coverage on Talos Energy in a research report on Tuesday, October 16th. They issued a “buy” rating and a $48.00 price objective for the company. Capital One Financial began coverage on Talos Energy in a research report on Monday, August 27th. They issued an “overweight” rating and a $45.00 price objective for the company. Finally, Northland Securities began coverage on Talos Energy in a research report on Monday, October 22nd. They issued an “outperform” rating and a $45.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. Talos Energy has an average rating of “Hold” and a consensus price target of $42.00.

The stock has a market capitalization of $1.39 billion, a PE ratio of 59.51 and a beta of 1.58. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 0.72.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Monday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.69). The business had revenue of $282.87 million during the quarter, compared to analysts’ expectations of $279.40 million. Talos Energy had a negative return on equity of 3.76% and a negative net margin of 4.09%. As a group, analysts expect that Talos Energy Inc will post 2.69 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Swiss National Bank increased its position in shares of Talos Energy by 10.9% in the third quarter. Swiss National Bank now owns 37,800 shares of the company’s stock valued at $1,241,000 after buying an additional 3,700 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Talos Energy in the third quarter valued at $764,000. Mobius Capital Management LLC purchased a new position in shares of Talos Energy in the third quarter valued at $2,259,000. Northern Trust Corp purchased a new position in shares of Talos Energy in the second quarter valued at $7,837,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Talos Energy in the second quarter valued at $9,225,000. Hedge funds and other institutional investors own 99.56% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally posted by WKRB News and is owned by of WKRB News. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.wkrb13.com/2018/11/09/talos-energy-talo-sets-new-12-month-low-at-23-44.html.

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.

Featured Story: Outstanding Shares, Buying and Selling Stocks

Receive News & Ratings for Talos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talos Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply