Talos Energy Inc. (NYSE:TALO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Talos Energy Inc. (NYSE:TALO) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $14.25.

A number of research firms have recently issued reports on TALO. KeyCorp lifted their price objective on shares of Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 15th. Wall Street Zen upgraded Talos Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Mizuho raised their price objective on Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, December 12th.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors have recently made changes to their positions in TALO. Virtus Fixed Income Advisers LLC purchased a new position in Talos Energy in the 2nd quarter worth $25,000. Larson Financial Group LLC grew its stake in shares of Talos Energy by 142.9% during the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after buying an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after buying an additional 2,123 shares during the last quarter. Quarry LP purchased a new position in shares of Talos Energy in the third quarter worth about $36,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Talos Energy by 22.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after acquiring an additional 1,049 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Up 0.8%

TALO stock opened at $10.94 on Monday. The company’s 50 day moving average is $10.51 and its 200 day moving average is $9.54. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -5.44 and a beta of 0.55. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. Talos Energy has a 1-year low of $6.23 and a 1-year high of $12.19.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Friday, January 6th. The company reported $0.45 EPS for the quarter. The business had revenue of $382.96 million during the quarter. Talos Energy had a negative net margin of 19.02% and a negative return on equity of 2.76%. Sell-side analysts predict that Talos Energy will post -0.44 EPS for the current fiscal year.

Talos Energy Company Profile

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.