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

Talos Energy Inc. (NYSE:TALO) has been given a consensus recommendation of “Hold” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $15.6250.

TALO has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Benchmark downgraded Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Mizuho boosted their price target on Talos Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Citigroup upped their price target on Talos Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, KeyCorp increased their price objective on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, December 5th.

Talos Energy Stock Performance

NYSE:TALO opened at $15.73 on Wednesday. The firm’s fifty day simple moving average is $13.26 and its 200 day simple moving average is $11.45. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. Talos Energy has a twelve month low of $6.23 and a twelve month high of $17.00. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -5.54 and a beta of 0.54.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.17). Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The company had revenue of $392.24 million during the quarter, compared to analyst estimates of $431.22 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The firm’s revenue for the quarter was down 19.2% on a year-over-year basis. As a group, equities research analysts expect that Talos Energy will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talos Energy

A number of large investors have recently added to or reduced their stakes in TALO. Virtus Fixed Income Advisers LLC purchased a new stake in Talos Energy during the 2nd quarter worth $25,000. Larson Financial Group LLC boosted its position in Talos Energy by 142.9% in the 3rd 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 acquiring an additional 2,123 shares in the last quarter. Quarry LP purchased a new stake in shares of Talos Energy during the third quarter worth about $36,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Talos Energy by 22.7% during the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after acquiring an additional 1,049 shares during the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

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.