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

Talos Energy Inc. (NYSE:TALO) has been given an average rating of “Hold” by the eight brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $18.8333.

A number of research analysts have issued reports on the company. Mizuho boosted their price target on Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. raised their price target on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Citigroup lifted their price objective on shares of Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st. Finally, KeyCorp upped their price objective on shares of Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd.

Talos Energy Stock Performance

Shares of NYSE TALO opened at $13.71 on Friday. 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 50 day simple moving average of $14.71 and a 200-day simple moving average of $13.67. The company has a market cap of $2.29 billion, a PE ratio of -3.18 and a beta of 0.34. Talos Energy has a 12-month low of $7.67 and a 12-month high of $17.05.

Talos Energy (NYSE:TALO) last posted its 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 return on equity of 8.24% and a negative net margin of 42.58%.The firm had revenue of $472.31 million for the quarter, compared to analysts’ expectations of $446.39 million. During the same period last year, the firm earned $0.06 EPS. The firm’s revenue was down 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Talos Energy will post 0.48 EPS for the current year.

Insider Activity at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the sale, the insider directly owned 40,460,036 shares in the company, valued at approximately $679,728,604.80. The trade was a 0.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its position in Talos Energy by 292.6% in the fourth quarter. SG Americas Securities LLC now owns 268,362 shares of the company’s stock worth $2,957,000 after purchasing an additional 200,000 shares during the period. Tejara Capital Ltd acquired a new position in shares of Talos Energy during the 4th quarter valued at $2,910,000. Brookwood Investment Group LLC acquired a new position in shares of Talos Energy during the 4th quarter valued at $1,264,000. CSM Advisors LLC bought a new stake in shares of Talos Energy in the 3rd quarter worth $3,807,000. Finally, Brandywine Global Investment Management LLC raised its stake in shares of Talos Energy by 338.9% in the 4th quarter. Brandywine Global Investment Management LLC now owns 389,201 shares of the company’s stock worth $4,289,000 after buying an additional 300,518 shares in the last quarter. 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.