Talos Energy Inc. (NYSE:TALO) Given Average Recommendation of “Hold” by Brokerages

Shares of Talos Energy Inc. (NYSE:TALO) have been given an average recommendation of “Hold” by the eight analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $17.6667.

Several research analysts have recently commented on TALO shares. Benchmark lowered shares of Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. KeyCorp boosted their target price on shares of Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings raised shares of Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital sold 1,352,000 shares of the business’s stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the completion of the transaction, the insider directly owned 41,233,604 shares of the company’s stock, valued at $687,776,514.72. The trade was a 3.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 2,935,568 shares of company stock worth $48,892,022. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after purchasing an additional 1,942 shares during the period. Smartleaf Asset Management LLC boosted its stake in Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after purchasing an additional 2,123 shares during the period. Quarry LP acquired a new position in Talos Energy during the 3rd quarter valued at about $36,000. PNC Financial Services Group Inc. boosted its stake in Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after purchasing an additional 1,049 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Talos Energy by 395.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after purchasing an additional 5,236 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Trading Down 0.1%

NYSE TALO opened at $14.95 on Monday. Talos Energy has a one year low of $7.67 and a one year high of $17.05. The company has a 50-day simple moving average of $15.19 and a 200-day simple moving average of $13.37. 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 firm has a market capitalization of $2.49 billion, a PE ratio of -3.47 and a beta of 0.33.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $0.06 EPS. The company’s quarterly revenue was down 7.9% on a year-over-year basis. On average, equities analysts forecast that Talos Energy will post 0.41 earnings per share for the current year.

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.