Talos Energy (NYSE:TALO) Rating Lowered to Hold at Wall Street Zen

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

Several other brokerages have also issued reports on TALO. Roth Mkm restated a “neutral” rating and set a $16.00 price target (up from $13.00) on shares of Talos Energy in a research note on Wednesday, April 8th. Benchmark downgraded Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. lifted their price objective on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Citigroup boosted their price objective on Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings upgraded Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.40.

Talos Energy Stock Performance

NYSE:TALO opened at $13.76 on Friday. The firm’s 50-day moving average is $15.01 and its 200-day moving average is $13.44. Talos Energy has a 52-week low of $7.67 and a 52-week high of $17.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -3.19 and a beta of 0.33.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $472.31 million during the quarter, compared to analyst estimates of $446.39 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities research analysts anticipate that Talos Energy will post 0.41 earnings per share for the current year.

Insider Buying and Selling at Talos Energy

In related news, insider Control Empresarial De Capital sold 339,568 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total value of $5,704,742.40. Following the sale, the insider owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 2,935,568 shares of company stock worth $48,892,022. 0.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sourcerock Group LLC boosted its holdings in Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Talos Energy by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company’s stock valued at $91,358,000 after purchasing an additional 164,999 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Talos Energy by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock worth $149,234,000 after buying an additional 501,552 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Talos Energy by 8.6% in the 3rd quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock worth $55,295,000 after buying an additional 455,409 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Talos Energy by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock worth $33,682,000 after buying an additional 141,518 shares during the period. 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.