Talos Energy (NYSE:TALO) Raised to Buy at Wall Street Zen

Talos Energy (NYSE:TALO) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

TALO has been the topic of several other reports. Weiss Ratings upgraded Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. KeyCorp raised their target price on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Benchmark lowered Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Roth Mkm restated a “neutral” rating and set a $16.00 target price (up from $13.00) on shares of Talos Energy in a report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. raised their target price on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.67.

Talos Energy Price Performance

TALO opened at $14.67 on Friday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -3.40 and a beta of 0.35. Talos Energy has a 1 year low of $7.67 and a 1 year high of $17.05. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. The stock has a fifty day moving average price of $15.34 and a 200 day moving average price of $13.05.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The firm had revenue of $472.31 million during the quarter, compared to analysts’ expectations of $446.39 million. During the same quarter last year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. Analysts forecast that Talos Energy will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital sold 1,352,000 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the transaction, the insider directly owned 41,233,604 shares in the company, valued at $687,776,514.72. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 2,935,568 shares of company stock worth $48,892,022 in the last 90 days. 0.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors have recently made changes to their positions in the business. Sourcerock Group LLC increased its stake in shares of Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after purchasing an additional 1,110,685 shares during the period. Vanguard Group Inc. increased its stake in shares of Talos Energy by 1.8% in the third quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company’s stock worth $91,358,000 after purchasing an additional 164,999 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Talos Energy by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock worth $149,234,000 after purchasing an additional 501,552 shares during the period. American Century Companies Inc. increased its stake in shares of Talos Energy by 8.6% in the third quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock worth $55,295,000 after purchasing an additional 455,409 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Talos Energy by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock worth $33,682,000 after purchasing an additional 141,518 shares during the period. 89.35% of the stock is currently owned by institutional investors.

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.